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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Change
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Mkt cap ! $3.252M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 273152 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 66000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 273152 | 0.012 |
1 | 100000 | 0.011 |
2 | 280000 | 0.010 |
1 | 200000 | 0.009 |
3 | 295000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 66000 | 1 |
0.015 | 153099 | 2 |
0.016 | 1810007 | 2 |
0.018 | 1500047 | 2 |
0.019 | 450000 | 1 |
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