Not sure how familiar holders on FFG are but if you read the in-depth report by Insyte on FFG, ICI had a book value of $25m, discounted to $20m which is currently now worth $7m. Plus the other rubbish on their books, you are looking at a best case scenario of $17m MC. FFG trades at a 30% discount to this value due to its speculative nature in investments hence more or less looking at $10-12m MC until material news appears.
Disclosure - bought this at 2c before, watched it go to 12c, sold out at 8c - will look to re-enter at 2c.
GLTAH
http://www.fatfish.co/investor-relations/ - you can find the report on this page FYI.
Ann: Subsidiary ICI -Outcome of Court Application & Reinstatement, page-16
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.06M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1.018K | 101.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 6224957 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 450381 | 5 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FFG (ASX) Chart |