FFG 0.00% 1.3¢ fatfish group limited

Why is FFG market cap less than its assets?

  1. 74 Posts.
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    Looking at the latest annual report, they state that total assets is around $45 million compared to market cap of $15 million. There is a bit of discount I imagine since they might be valuing their own assets a bit higher, plus liquidation value will be considerably lower than 45. Still isn't this a big discount given that we are in a market that is still slightly bullish?
 
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