FFG 8.33% 1.1¢ fatfish group limited

Ffg bounce back, page-27

  1. 1,913 Posts.
    lightbulb Created with Sketch. 1199
    @Sunny381 is right: i messed up BIG TIME by recommending FFG to my family.
    they lost $100,000/50% here, but they were smart to only invest 1% of their portfolio & got out before it dropped a lot more:

    my biggest mistake was thinking FFG held 100% of the 192M ICI shares.
    don't be fooled! FFG only has 5M ICI shares the rest are owned by Abelco of which FFG is a minority SH:

    Abelco's entire MC including the 187M ICI shares is only $22M!
    FFG's share of Abelco (about 40%) is only worth about $8.8M at yesterday's close:

    https://hotcopper.com.au/data/attachments/4200/4200011-1a46217bc23ac6c147d372fe0b71d686.jpg
    https://hotcopper.com.au/data/attachments/4200/4200005-d338e65a400454c71a5e2ee002a2af20.jpg


    Fatfish Internet Pte Ltd is owned by Abelco, NOT FFG

    https://hotcopper.com.au/data/attachments/4200/4200008-ea1fab8f77f13724a36c33c307ac2152.jpg

    dyor. aimho
    Last edited by FingerLicking: 24/03/22
 
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