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18.0¢ first growth funds limited

FGF Chart, page-363

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strauss

22,120 Posts.

20

06/01/18

12:56

Post #: 30092012
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Originally posted by strauss ↑

I cant understand why people complicate such a simple set up as FGF

its a tech play that has invested in several technology projects and is looking to exit or realise these investments

JohnDoe crunched the numbers and showed the EV at different levels when accounting for this

"However EV figures using cash value of $671k + IPO values of $2,886,345 + remaining listed securities/convertible notes of $530k (Total $4,087,345)
EV @ 0.006 is $1,101,266
EV @ 0.007 is $1,966,034
EV @ 0.008 is $2,830,803
So EV's at IPO values are very impressive."

If they deliver on a decent Blockchain or Bitcoin acquisition then it should easily multi bag from current levels and with the history of what RYG went on to do could give much more depending on the quality of the acquisition
If they dont then current holdings should limit the downside from here

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Despite all the bickering and negativity at the lows looks like this one is playing out just as expected

No brainer buy at the lows 0.6c-0.7c once the Blockchain Crypto signal was given

4mths later 7-8 bags to be had

FGF Price at posting: 3.3¢ Sentiment: None Disclosure: Held
22 Upvote

0 Great analysis

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