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?
Why is FFG market cap less than its assets?
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $15.47M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $7.161K | 650.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2803969 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 101376 | 3 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| FFG (ASX) Chart |