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
management thinks SP is cheap but can't say why they think it's...
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $15.47M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $15.98K | 1.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4161378 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 899038 | 3 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FFG (ASX) Chart |