It's the smallest percentage of any business Fdv have. And unfortunately it's the biggest business with capital needs and growth. It's a dilemma. I think the company played it well to exit at this stage. Even though I believe propzy is going to be a really good business going forward. At this stage, Fdv is really close to break-even, and the extra cash at bank gives Fdv flexibility for its other businesses to buy more equity or sustain the same equity going forward by participating in funding rounds.
At the end of the day, 7m is a really good return, a 300% increase in a 2.5 years
It's obvious that cash positive is the desired aim in the short term, and as investors it means the business will be on a sustainable level then. No need for any future capital, unless Fdv want to grow the business. That's something I want as a shareholder.
FDV Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
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