Malaysia based Telco providing Competitive and Affordable Solutions for Travelling Mobile Phone users.
Market Cap $41 m, Current SP $0.235,
Cash $8.9m (in June 2015)
- Extensive experience and Asian market leader in providing mobile sim cards for travellers - this is currently their main source of revenue and profits.
- Recently launched flexiroam app which allows users to rent foreign lines without swapping out their simcards. (from as low as US$1/month)
- Flexiroam app offers calling charges up to 150x value over standard rates.
- Flexiroam app currently has 730,000 SUBSCRIBERS (not just downloads) since launch in Nov 2015)
- Forecast of 20m subscribers by 2020.
- FRX has entered an agreement with Voxbone, a global cloud telecommunications provider, to expand its reach and rapidly reduce its time-to-market. Voxbone has been paid a set-up fee, and will receive monthly service fees and usage fees for access to its voice and SMS services in over 55 international networks. This deal should reduce the capital required to expand rapidly into new markets
- Currently developing SIM PASTE. A *disruptive*, revolutionary product which will effectively convert your existing phone into a dual-sim phone. A revolutionary, one of a kind product.
- Aggressive growth plan.
- Patersons Report released today with valuation at nearly DOUBLE current SP, at 42 cps. This is up from their previous valuation at 36c.
see full report: http://investor.flexiroam.com/wp-content/uploads/2016/02/FRX-Note-020216.pdf
This is a winner no matter how you look at it. Only reason why SP should drop is due to the stupidity and/or ignorance of the market.
