Fastforward Innovations Share Discussion Threads

[888icb] 07/4/2018 13:48

The fact that Bill Gates and Tim Draper to name but two are big fans of Factom is enough to satisfy me that it is winner. Big news can arrive at anytime.

[brave dave] 07/4/2018 13:30

Read an article online which talks about blockchain. An expert from Washington John Anil, program manager for the identity management project in the agency's science and technology division at a blockchain event went on to talk about the good and the bad. One thing he did say which will cut out a lot of business is this.

Many tout blockchain as a solution for identity verification, but Anil cautioned against using the distributed ledger for long-lived or sensitive data — especially PII, which he said should never be placed on a blockchain network with encryption schemes that will likely be broken in the future.

And the combination of biometrics and blockchain is an even bigger no-no, according to Anil. Blockchain can help solve a problem of identity management, but putting identity on the blockchain is not the answer. Interesting point.

[doodlebug4] 06/4/2018 14:37

I sold the vast majority of my holding last year kristini, but have kept a small amount. Just waiting to see how the general market jitters play out at the moment as there appear to be a lot of jumpy investors around.

DBC has always been the weakest link in the FFWD portfolio imo. Listening to Jim's presentation it sounds as if he has plans to launch a Juvenescence company by the end of this year and if he does I would suspect that DBC will become part of that company.

[kristini2] 06/4/2018 14:23

Dbug-did you buy back in here ? It could go lower i guess bit the proposects look interesting

Even DBC is being funded through loans by JM- so not all is lost there either

[doodlebug4] 06/4/2018 13:07

Thank you for the heads up kristini. Jim Mellon's own presentation is also available on his Twitter link. A 30 minute presentation worth listening to, but if you don't want to hear the whole thing he mentions FFWD, Factom and Nuuvera just after 18 minutes into the presentation.

[kristini2] 06/4/2018 11:51

you can now view the presentation btw- i accessed through Jim Mellon's twitter link, the ffwd master investor 16 minute presentation, not the best public speaker but the content provided a useful update

[kristini2] 06/4/2018 11:50

just added 25000 in the sipp, having watched the not brilliantly presented master investor presentation..............plenty of potential here

[brave dave] 05/4/2018 22:37

That would certainly boost my pension bdog. Not quite sure if we could ever see it within that timescale but anything is possible

[bdog51] 05/4/2018 22:30

Posted on the LSE board earlier by Forthewin -

"When Aphria start making a Billion $ Profit per year as is planned for Q1 2019 they are likely to be worth $50 Billion plus. That makes our 1 Million shares worth near $200 or £120 each. That's over £120 Million to FFWD or a Pound added to our share price! With Factom news around the corner and the progress they're making with the Banks, Mortgage and Insurance companies, a £2 share price within 10-12 Months is realistic imho. Add Yooya IPO to the mix and £2 will be cheap.. "

Interesting forward valuation?

[brave dave] 05/4/2018 21:46

Aphria doing well tonight up around 9%, due mainly to its news I guess. Still down over 50% from its high. If Aphria gets back to its high ie. it doubles from its current price (given time I'm sure it will ) that would add another £7 million to our nav taking it from its rough current nav of 12p to around 17p a share for the full portfolio. That of course hasn't factored in the possible increase in value of our other holdings since their last update nearly a year back. Looking good

[brucie5] 05/4/2018 15:20

Thanks, b-d. A very helpful analysis. I may take a few more at this level in due course.

[brave dave] 05/4/2018 15:16

Brucie. I’m fairly new to ffwd. But been involved with investments for over 40 years. Work and play. I’m hoping for a decent return over next 2 to 3 years. I’ve held back many times without taking the plunge. I was a bit wary at first. I looked back over the last few reports and found overall the benefits outweighed my niggles - regarding dbc as they were doing very badly and were propped up by Jim’s own cash. I was also wary over Vemo as they lost over 80% of their value over the last year on paper - not quite sure of the reason But Factom Yooya and Intensity could make this in my opinion. Won’t get carried away just yet. Like Lorne said Factom could be worth a billion or more. At $billion that’s about 70x our last valuation of Factom. That would add around 18p to our nav to make it 30p. For the full portfolio. The fact that the company would only buy back shares up to 18p also made me think that 18p is the current value they believe it is and not the 9p last report or 12p updated to include Aphria and Leap proceeds. If they were to buy back shares at high levels like in the 20s or more and were to cancel them like most companies do to increase nav etc. At those levels they would be losing money as they would be paying say 30p a share for assets worth 12p a share.

[brucie5] 05/4/2018 13:42

brave dave, you seem like an expert in depth. Where do you see these going and over what time period? How long have you been involved in these, if you don't mind my asking? I hold a few, but am intrigued by your comments about the underlying holdings.

[brave dave] 05/4/2018 12:14

This was another. I think they gained the huge price earnings ratio due to the massive potential. They have many at over 100 times earning ratio. But they do say that same price could equal as low as 20 X pe Within just a couple of years

[brave dave] 05/4/2018 11:55

I’m sure it will given time. Like you say only when we sell or gain shares can we get an exact nav.

[bdog51] 05/4/2018 11:28

Our Aphria holding is worth about $10M but this is a currently depressed price and should be much higher over the coming months. Aphria share price was virtually double this even before Aphria International came into being.

I believe today's FFWD share price should reflect the massive future growth potential across a great portfolio of investees, which clearly it doesn't (yet).

[bdog51] 05/4/2018 11:23

Most of the stock values shown in last reported NAV are based on purchase price of each holding so don't reflect any increase in value. Not a figure we can glean much useful info from in my view. True value is only realised when an investee does an IPO or a fund raise - and not many have yet.

[brave dave] 05/4/2018 10:28

The last report showed Nav at 9p. But with the invrease in Aphria cash and shares and Leap offer it is now currently 12p. That’s just paper value. Could be worth a lot more

[brave dave] 05/4/2018 10:27

No I’ve valued them at their last valuation. With the updated Aphria shares and cash and the current Leap offer. Plus the others at their last valuation ffwd have for them. It totals around 12p today. If Factom were to be worth a $billion in the future that would add 18p. So a future value would be 30p. But 12p so far today

[glenbo1] 05/4/2018 10:02

Research kickwheel In my opinion it could be a little gem

[bdog51] 05/4/2018 08:30

Dave -when you put current NAV at 12p, have you assumed that Vemo, Yooya, Kickwheel, Intensity, Pulseflow are all zero? That's the problem with estimating NAV with unlisted stocks, it's not possible to get a realistic valuation. 12p seems rather low to me anyway.

I believe Vemo and Yooya could also be massive here given more time.

[brave dave] 05/4/2018 08:24

Yes a few years down the line and the portfolio could be worth many multiples of what it is now. It still seems under the radar to most. That could quickly change

[glenbo1] 05/4/2018 08:20

Yes Dave you are spot on.That is with a $1bn valuation.Imagine it's value in 3 to 5 years.Look at the partnerships with Bill Gates foundation and Tim Drapers involvement amongst many others.

[brave dave] 05/4/2018 07:56

Good to see Lorne mentioning Factom and ffwd. Need to hear more from his horses mouth. Lol