FDM freedom oil and gas ltd
Add to My Watchlist 0.00% ! 1.1¢

overvalued or undervalued?

  1. Transit
    523 Posts.
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    15/04/12
    08:49
    Post #: 9982328
    Just started to do some research on this company after watching its incredible upwards SP movement over the past six months.
    I was reading the companies 2011 annual report and wanted to ask stock holders why this company has a SP of 1.20 when its Net Income is only around 2 167 000 pa??? Seems a bit odd to me.
    Is this companies valuation mainly based on the amount of reserves?

    Any feedback much appreciated.

    Transit
    FDM Price at posting: $1.20 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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