management thinks SP is cheap but can't say why they think it's cheap?
how bizarre!
i think current SP is actually overvalued & can say why:
the fair value of FFG's assets is only $14.67M as follows, but the MC is almost $40M!
in what world is $14.67M fair value to $40M MC undervalued!
& the risk here is so large that i'd expect a discount to net assets not a +200% premium, especially considering the assets aren't even liquid: just imagine what would happen to ICI if FFG dumped its 5M ICI shares (it would crash Abelco's value as they hold 187M ICI shares)
& expenses are through the roof
Ffg bounce back, page-24
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $16.87M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $6.101K | 553.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2639583 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 679106 | 4 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| FFG (ASX) Chart |