Once again it seems that FFI is purely being used as a slush fund to develop green solutions for FMG’s fleet.
If FFI develops this technology for FMG how will they monetise the transaction?
FFI are not an Engineering business with the expertise of Cummins,CAT, GE etc so are they developing these solutions in collaboration with these companies?
If the answer is yes ,then who will own the IP on the product?
Something is not right here and the last time there was an investor call with Elizabeth Gaines and the CFO the analysts were not happy on the information that they heard regarding FFI and one analyst in particular called it out saying that this FFI spending was a business expense of FMG.
The next day the share price plummeted from circa $26 per share eventually ending down at $19-$20 ( over a week or two) because of the lack of clarity of why FFI are paying for the development of products for FMG.
Have I missed something here as I’m happy to be corrected?!
Once again it seems that FFI is purely being used as a slush...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |