Hi Joannie, Regarding FBR, I had a look at it in the past. Of course, their concept is interesting, but their sales/receipts remain very low, for reasons which are not obvious to me. I prefer to buy companies which have already a higher basis of sales/customers.
It is another interesting Perth companies. I keep finding quite a lot of them, among small/micro caps.
I think I prefer a company like Delorean where we have a better visibility on their business and future profitability. Their main problem is more financing the growth, but it seems that they have finally found a solution. Delorean has a market cap of around 40 m$ and they aim for an enterprise value of 300 m$ by FY 28 (a bit tricky because enterprise value includes debt, which may be significant in their case).
