Share Name Share Symbol Market Type Share ISIN Share Description
Fastforward Innovations Limited LSE:FFWD London Ordinary Share GG00BRK9BQ81 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.35 -3.15% 10.75 621,954 08:33:35
Bid Price Offer Price High Price Low Price Open Price
10.50 11.00 11.10 10.75 11.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -5.00 -3.09 18
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:33 O 388 10.95 GBX

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Date Time Title Posts
22/9/202010:30FastForward Innovations Limited - investing in unique opportunities worldwide11,513
30/8/202013:24cannabis invetment6
26/6/201911:20Tom Winnifrith's Sell Fast Forward Innovations80
26/6/201911:20Soon, very soon21
26/6/201911:20Just 1 rns2

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Fastforward Innovations Daily Update: Fastforward Innovations Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker FFWD. The last closing price for Fastforward Innovations was 11.10p.
Fastforward Innovations Limited has a 4 week average price of 10.75p and a 12 week average price of 5p.
The 1 year high share price is 12.75p while the 1 year low share price is currently 4.63p.
There are currently 166,913,727 shares in issue and the average daily traded volume is 226,035 shares. The market capitalisation of Fastforward Innovations Limited is £17,943,225.65.
brave dave: As long as they raise at a premium to NAV- Hemsworth. That will prevent dilution- doesn’t matter if the share price was 2p and they raised at 6p that would cause massive dilution, as we currently hold shares that are worth 10p each regardless of the share price. If the share price were to go to 3p we would still have shares worth 10p if they were to wind up the fund. Current NAV on paper has to be around 10p or so after writing Factom off. But true value ( Leap’s and EMMAC’s updated value ) has to be quite a lot higher.
bdog51: FFWD share price hit an all-time high of 30p in early 2018 when the NAV was only 10p. So the share price doesn't always lag behind the NAV. There's your evidence that it can exceed NAV by as much as 200%. That's because future potential and sentiment play a part. Nuuvera was a very popular and lucrative investment back in 2018. Emmac will hopefully follow a similar pattern. The IPO pricing will be interesting, later in the year.
hedgehog 100: Lee808 30 Jan '20 - 12:26 - 10714 of 10714 0 0 0 "Quint comes and goes. He’s bought and sold this over the years. A bit like Wadnob. Usually selling as he’s busy ramping. ..." Lee, where's the evidence for that accusation? There isn't any. Selling AFTER you've posted bullishly, if the share price has risen massively since then, is different. Look at the long-term FFWD share price chart since 2015: multibagging from 4p to over 20p, falling back to about 8p, multibagging again to about 25p, falling back again to about 5p, and now rising again. If someone has traded in and out during that period, rather than just holding for five years, then isn't that just a sign of an astute investor? So, if an astute investor like Quint has now recently bought back in again, I regard that as a bullish sign. All investors will have some losers and disappointments, but you can hardly say that SKIN has tanked recently: its still trading at multiples of its 2018 low:
hedgehog 100: Well done to FFWD for this fantastic news today. Cryptologic was valued in FFWD's interim accounts, for 30.9.19, at £386K. The interest has been disposed of for C$1,514,476, which equates to about £886K. at current exchange rates (1 Pound sterling equals 1.71 Canadian Dollar). I.e. an increase from its level in FFWD'S last published NAV of about £500K.: which is an increase of 129.5% in the value of this investment. This increase equates to about 0.31p per FFWD share (161.5M. shares in issue), to add to the last published NAV level of 12.63p. A nice increase on an investment which has performed poorly, and useful cash. And if the 'real' value of FFWD's NAV is 129.5% higher than the last published level, then this equates to a level of 29p. 08/01/2020 07:00 UKREG FastForward Innovations Limited Disposal of Interest in Cryptologic Corp "Disposal of Interest in Cryptologic for approximately C$1.5m FastForward Innovations Ltd, the AIM listed closed ended investment fund with a focus on disruptive high growth technology and life sciences businesses, is pleased to announce that it has completed the sale of its entire holding of debentures in investee company Cryptologic Corp., formerly Vogogo Inc. ("Cryptologic"). Overview -- Sale of the Company's total holding of 2,300,000 debentures in Cryptologic (CNSX: CRY) at an average price of C$0.66 per debenture (the "Sale") -- Total realised cash proceeds from the Sale are (an equivalent of approximately GBP886,000 based on an indicative 0.585 exchange rate) -- In addition, the Company has received coupon payments / accrued interest totalling C$257,075 (an equivalent of approximately GBP150,300 on an indicative 0.585 exchange rate) over the holding period -- The purchase price of each debenture on investment in June 2018 was C$1.00, a total cost of C$2.3 million (GBP1.3 million) -- As indicated in the results to 31 March 2019, FFWD carried the debentures at a significantly impaired valuation of C$863,000 (GBP494,000), following the poor performance of Cryptologic (attributed to the decline of the BitCoin price in late 2018 / early 2019 and a loss of attraction in the Cryptocurrency space generally). This impairment methodology was carried through the interim valuation provided in September 2019 -- Therefore, the Sale proceeds and coupon payments received since March 2019 represent a total gain of C$809,000 (94%) over the March 2019 NAV, but a total loss on investment of C$528,450 (23%) over the entire holding period, excluding foreign exchange movements -- The Sale is in line with the Company's strategy to focus investments specifically in the life science, health and technology arenas ..." I look forward to more of this sort of excellent news from FFWD.
bdog51: Completely agree 888ICB. Niggle - I would agree that there is a strong link between NAV and share price where listed companies are involved eg FTSE 100 and conventional funds which hold listed companies in their portfolio. But here, where the investees are unlisted, the NAV figure is less significant. It usually relates to the original purchase price of the holding hence no growth is assumed. The asset value can only change when there is a corporate event such as a fund raise, sale or IPO etc (as 888ICB says). The market will often price in some factor of future growth into the share price eg TERN has also invested in a set of unlisted companies. TERN’s NAV is 6p and the share price about 9p (has been over 40p in fact at one point), because the market priced in growth potential of the investees, irrespective of the audited NAV. If you believe FFWD’s holdings have zero growth potential, then surely you would not invest here in the first place?! Clearly looking at the current share price of FFWD, the market is waiting to see corporate events such as IPOs, investee disposals, etc for a revaluation, but then the market is very Risk-Off currently. 2019 has not been a good year for FFWD share price (and many others of this ilk) but hopefully this will all change in 2020, as Ed McDermott has indicated. Many events anticipated in 2020 which should give the share price a boost. Good luck to all holders and a prosperous 2020.
hedgehog 100: Another set of excellent results. And at its current share price of just 6.1p (down 0.1p today after an early rise to 6.4p), FFWD is trading at a 51.7% discount to NAV. 11/12/2019 07:00 UKREG FastForward Innovations Limited Half-year Report " ...Results The net assets of the Company at 30 September 2019 were GBP20,401,000 (31 March 2019: GBP19,072,000), equal to net assets of 12.63p per Ordinary Share (31 March 2019: 11.81p per Ordinary Share). ..." Babbler, British penny share prices are weak in general at the moment, with the General Election tomorrow. But FFWD is performing very well as a company, and the share price has actually risen since mid September: I would expect this general trend upwards to continue, and indeed more sharp moves upwards could well occur in the short term. So I would say relax, and enjoy holding such a quality company with such an excellent set of diversified holdings. And take advantage of the current share price weakness to top up ... i.e. turn a negative into a positive!
hedgehog 100: Brave Dave, I think that Jim Mellon stepping down as a director of FFWD may have had some short term impact, which wasn't really justified as he can provide as much support as a non-director. But this negative share price impact looks to have now passed, and the FFWD share price is now higher than when his resignation was announced. 22/08/2019 11:01 UK Regulatory (RNS & others) FastForward Innovations Limited Directorate Change "FastForward announces that Mr James Mellon has indicated a wish to step down from his roles as a director and Chairman of the Company to allow him to focus more time on his other business activities particularly Juvenescence Limited following the closing of this company's Series B funding as announced earlier this week. Mr Lorne Abony has agreed to succeed Mr Mellon as Chairman of the Company on an interim basis while remaining as Chief Executive. Mr Mellon remains the largest individual shareholder owning 10.08% of FFWD issued shares. Lorne Abony commented: "The whole board would like to thank Jim for his service and assistance over the years. We fully understand Jim's decision to step down as he has many business commitments beyond FastForward which require his full attention and which increasingly absorb the bulk of his available time. Jim will help create value for our shareholders by driving forward the business at a number of our portfolio companies, while the other directors will continue to focus on creating long term value for our shareholders in line with our investment philosophy.""
hedgehog 100: FFWD's stellar track record of NAV increase: 31.3.15: 1.69p per share 31.3.16: 7.85p per share 31.3.17: 7.60p per share 31.3.18: 10.18p per share 31.3.19: 11.81p per share = A 6.988 fold increase in four years. 17/06/2015 09:34 UK Regulatory (RNS & others) Kuala Limited Final Results LSE:FFWD Fastforward Innovations Limited " ... Net assets at 31 March 2015 of GBP463,000 (2014: net liabilities of GBP34,000). ..." 24/05/2016 14:34 UK Regulatory (RNS & others) FastForward Innovations Limited Final Results " ... The net assets of the Company at 31 March 2016 were GBP10,277,000 (2015: GBP463,000), equal to 7.85p net assets per Ordinary Share (2015: 1.69p net assets per Ordinary Share). ..." 07/07/2017 07:00 UK Regulatory (RNS & others) FastForward Innovations Limited Results for the Year ended 31 March 2017 " ... The net assets of the Company at 31 March 2017 were GBP10,101,000 (2016: GBP10,277,000), equal to net assets of 7.60p per Ordinary Share (2016: 7.85p per Ordinary Share). ..." 06/07/2018 17:44 UK Regulatory (RNS & others) FastForward Innovations Limited Results for the year ended 31st March 2018 " ... The net assets of the Company at 31 March 2018 were GBP13,534,000 (2017: GBP10,101,000), equal to net assets of 10.18p per Ordinary Share (2017: 7.60p per Ordinary Share). ..." 11/09/2019 08:00 UK Regulatory (RNS & others) FastForward Innovations Limited Results for the year ended 31st March 2019 LSE:FFWD Fastforward Innovations Limited " ... The net assets of the Company at 31 March 2019 were GBP19,072,000 (2018:GBP13,534,000), equal to net assets of 11.81p per Ordinary Share (2018:10.18p per Ordinary Share). ... " And FFWD's last fundraising was at a 27.7% premium to NAV per share. - 03/08/2018 08:00 UK Regulatory (RNS & others) FastForward Innovations Limited Placing " ... Further to the announcement by FastForward Innovations Limited (AIM: FFWD) on 1 August 2018, the Company is pleased to announce that it has today agreed to place 30,769,230 new Ordinary Shares of 1p each (the "Placing Shares") at a price of 13p per Placing Share with a number of new and existing investors thereby raising gross proceeds of GBP4,000,000 (US$5,240,000 at an exchange rate of GBP1:US$1.31, being the rate on the date the Company determined the terms of the placing) before expenses (the "Placing"). The Placing Price represents a premium of approximately 27.7% to the Company's most recently published NAV per share of 10.18p. ..."
doodlebug4: I don't have a problem with Jim & Lorne wheeling and dealing and lining each other's pockets if the FFWD share price progresses upwards, but the facts are that the share price has been in a downward spiral for over a year.
doodlebug4: Post 8728 - I think you're being economical with the truth about your timescales. FFWD share price only started to rise about the end of December 2017 and had nothing to do with the sale of SatoshiPay. Just check where the BLU share price was before the news about the investment in SatoshiPay. :) Poster registered in 2016 and that is his/her first post. Did you really wait two years to come up with that info.
Fastforward Innovations share price data is direct from the London Stock Exchange
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