Hi Kiril,
I am never comfortable with any investment however my comfort grows when I focus on the numbers from the company.One of my rules is to invest in companies where the directors have a significant holding in the company even more so when the company is small.A directors holding can never be relied on in its own right but is a box to tick off.Also the company must have a profit history or be close to producing a profit.Lets look at the debts note 19 of FFF which total $74 million of which the banks are owed $45 million and directors owed $29 million.The banks would have first option as the note states secured so Tony Wales would rank after the banks.They have an operating cashflow of $7.6 million as of last year so a descent operating cashflow.Actually if they owed the banks the full amount I would not be interested.I had FFF on a watch but did not go into the company until the recent full year result.I was surprised that someone valued at over $300 million was involved then again the amount put in by Tony Wales is less than 15% of wealth.There are positives and negatives.As you say we are taking a risk but I am taking a calculated risk with FFF.
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $2.953M |
Open | High | Low | Value | Volume |
1.1¢ | 1.3¢ | 1.1¢ | $2.246K | 191.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 144341 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 248305 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 144341 | 0.011 |
2 | 136111 | 0.009 |
2 | 200000 | 0.008 |
1 | 200000 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 248305 | 1 |
0.014 | 52525 | 1 |
0.015 | 21762 | 2 |
0.016 | 462131 | 1 |
0.018 | 2010000 | 2 |
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