Fastforward Innovations Share Discussion Threads

[thejaba] 20/3/2017 16:21

Did that last sell get below the bid?

[rafboy] 20/3/2017 16:20

And now a 100,000 share sale, I hope they have just lost patience.

[rafboy] 20/3/2017 15:55

The Accountant, fair play to you and good luck.

[the accountant] 20/3/2017 15:53

65,000 is me - might as well put my money where my mouth is !

[rafboy] 20/3/2017 15:50

RNS but not the one we are waiting for!

[rafboy] 20/3/2017 15:42

65,000 shares.

[888icb] 20/3/2017 15:38

Is that £65000 or 65000 shares?

[rafboy] 20/3/2017 15:36

65k share buy just gone through, someone confident?

[rafboy] 20/3/2017 07:52

Well, we should have Schoold news early this week, we shall see.

[lauders] 20/3/2017 00:53

I also believe that MA will surprise one day. Being one of the later stage investments I doubt Lorne and those with the gaming background would have invested unless they know something we don't, which is no doubt 100% fact ;-) Their website leaves A LOT to be desired though. Probably on of the worst I have seen from an investors point of view but then they are not really so interested in that at this stage I would think so probably not surprising.

I hope the news you are all anticipating does come through this week. Would be nice to see FFWD move north again after the recent spike. Shame it could not hold its gains. Frustrating to say the least.

I see Factom have recently update their news page:

About time! They used to be very efficient at the updates but let them slip for a while.

Yooya also update theirs with the 3rd part of a series on a primer on marketing videos:

Finally, things at Vemo Education seem on track:

“Loans keep score with interest; ISAs keep score with outcomes. If you pause payments on a loan because of financial hardship, the amount you owe will increase,” said Tonio DeSorrento, the CEO of Vemo Education. Vemo Education operates the ISA program at Purdue and is working with additional universities to set up similar financial-aid programs. “Because ISAs keep score with outcomes, people aren’t punished if they’re unemployed or have low earnings.”

As legislators turn their attention to ISAs as another financial-aid option for students, more colleges might follow Purdue’s lead. Sheila Bair, the president of Washington College and the former Federal Deposit Insurance Corporation (FDIC) chair under George W. Bush and Obama, has announced her intention to launch a similar program, also designed and administered by Vemo Education.

[doodlebug4] 19/3/2017 22:03

That's encouraging news Trotters.

[trotterstrading] 19/3/2017 21:15

DB, I think Moon Active will also do well.. revenues doubled QoQ and they increased the size of their team.. a good indicator the business is doing well! There is more to them than just CoinMaster. They have complete turnkey technology, which makes them far more investable and an attractive IPO or acquisition target

[doodlebug4] 19/3/2017 18:41

It's good to read posts from so many investors who have stuck with this during the last ten months, ten months which have been a real test of patience to be honest and the patience has not been helped by a queue of snipers in the background who really can't join the dots together and figure out what this company is all about. FFWD could hardly be regarded as a "con" when the CEO has invested so much of his own cash into the future prospects of this company.

[bdog51] 19/3/2017 16:50

Db4, thanks for that post on Equity Development. I'd forgotten about that one but it's a good narrative on NAV.I share your views on DBC and Moon Active. Clearly DBC was a stock pick by Mellon, I can't imagine Lorne would have chosen that one. As for Moon, well at least it's in the Gaming sector which continues to grow at a high rate. Knowing LA, we could be pleasantly surprised one day. I remember the initial reaction from investors to ffwd buying into yooya and that's since turned out to be the icing on the cake. On the face of it, Moon just doesn't seem to be in the same league as Leap. Time will tell!

[hazl] 19/3/2017 16:42

Thank you ....one or two great investments are enough to lift the whole portfolio let's face it.....if they really succeed.

That's why I have kept a few of these through the ups and downs!
Good luck doodlebug you have made some great posts over the time.

[doodlebug4] 19/3/2017 15:54

Factom and Satoshipay certainly have grown in value and we will hopefully find out this coming week about Schoold.

My two concerns in the current portfolio of shares are DBC and Moon Active.

[hazl] 19/3/2017 15:26

IT SEEMS that FFWD investments have grown in value recently doodlebug is that correct?

[doodlebug4] 19/3/2017 15:19

hazl, thank you for posting that link it makes interesting reading.

[doodlebug4] 19/3/2017 15:13

Re the discussion about NAV, this is relevant from Equity Development:

It is often said that 60% of all acquisitions lose money - a phenomenon known as “buyer’s curse”, whereby over-zealous bidders overpay for strategic assets. Not so FastForward, where we were again encouraged to hear at Tuesday’s interims that all 9 of its investee companies have either maintained or increased their worth. Granted it is still early days, albeit we think this enviable ‘hit rate’ is a credit to the management team, who together possess vast M&A experience and have remained steadfast to the core principles of: 1) only buying stakes in high growth stocks within FFWD’s target verticals (ie technology & life sciences), and 2) “walking away” from deals which are unlikely to generate superior returns commensurate to the risks.

With regards to the financials, net assets rose 3.3% from £10,270k to £10,614k (7.92p/share) in the 6 months to 30th September, vs 10.6% and 15.0% gains respectively on the FTSE All Share and AIM indices. That said, stripping out plc fees, salaries, due diligence and other corporate overheads (total £671k) – FFWD’s NAV would have actually climbed 9.9% thanks to favourable investment gains and forex (£ devaluation). A decent result, given that the portfolio consists entirely of unquoted startups, most of which under IAS rules, have to be stated at original cost.

www.equitydevelopment.co.uk

[bdog51] 19/3/2017 14:50

Kristini, I hear what you're saying about NAV but as we're investing in tech startups the published NAV is largely based on what we paid for our investments not their realistic value today. Eg yooya, leap, schoold, factom, etc are now all valued higher than purchase price. By the time we sell they should be multiples higher. That's not to say there won't perhaps be a dud in the PF somewhere that underperforms. I have to admit I'm not too impressed by DBC, but that's a minor concern. I think it was Trotters who made some very good observations about why our nominal NAV is almost meaningless based on the type of investments, not sure if I'll be able to find it though. Given the potential here there's no reason why we shouldn't trade at a big premium to the nominal NAV figure therefore, in my view anyway. I'd welcome any other thoughts on this.

[rafboy] 19/3/2017 14:48

Well, next week should see the start of a decent rerating here back to previous highs and beyond. Schoold selling at a good premium to our purchase price should start the ball rolling.

I agree about Yooya being the biggie but that could be 18 months away yet. However, the Leap IPO could come before June ends so it is all becoming very interesting for shareholders.

[bdog51] 19/3/2017 14:37

Indeed Flash. Last year when we had regular news flow, the share price easily reached about 21p. If we start getting some good valuations and revamp the newsflow we should surpass that level. Yooya valuation will no doubt allow the BOD to realise their upper share price target incentives in my view. Still too early to even think about selling our yooya stake just yet though. Lorne will hopefully time that to coincide with optimum value for ffwd shareholders. It's the crown jewels in ffwd portfolio for sure, followed by Leap maybe. Second place is debatable? !

[flashheart] 19/3/2017 14:15

bdog have you realised that the impending news flow is scheduled to increase in intensity (in my opinion). Schoold should be a very reasonable return. The Leap ipo I would expect to be a whopper (see recent links re the virtual reality gaming industry courtesy of doodlebug) and I would see a future Yooya ipo in 'nosebleed' territory.