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1.0¢ forbidden foods limited

Their forbidden foods brand is already sold in Woolworths,...

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Inferno31

3,790 Posts.

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18/01/21

14:10

Post #: 50246385
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Originally posted by ElonMusk: ↑

For those of you that require some reassurance. This company currently has a MC of ~17m. The FY20 revenue came in at $4.1m and they have cash sitting at about $5.1m. Their typical cashburn is quite low (excluding costs of IPO), typically under < 0.2m. They've recently formed partnerships with both Baby Bunting and Pharmacy Alliance. They have another agreement with Foodworks, and I'm sure they're looking to have their products stocked at Coles and Woolworths over the next 12 months. This short term drop is likely due to investors locking in profit after a successful IPO, in a broader volatile market. This type of investment is speculative in nature, and typically requires a few years to see tangible returns. I would recommend allocating no more than 10% of your portfolio and avoiding refreshing daily like a degenerative robinhood investor.

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Their forbidden foods brand is already sold in Woolworths, Shouldnt be long before Funch is stocked too. I prefer less quantity of communications but of substance, better in the long term than releasing BS pumpy news for now reason.

FFF Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $5.722M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$500	50K

Buyers (Bids)

No.	Vol.	Price($)
2	400000	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	148152	1

View Market Depth

No.	Vol.	Price($)
2	400000	0.009
1	120000	0.008
1	200000	0.007
1	250000	0.006
1	400000	0.005

Price($)	Vol.	No.
0.010	148152	1
0.011	181795	2
0.012	866460	2
0.013	16047	2
0.014	452378	1

Last trade - 10.02am 03/10/2024 (20 minute delay)

FFF (ASX) Chart