Fastforward Innovations Share Discussion Threads

[hawaly] 08/7/2017 15:18

Yes

Let's hear it for free speech ........

LOL

[doodlebug4] 07/7/2017 22:18

Although I don't agree with some of your views bdog it's good to read your opinion and as you say that's what this thread is for.

[the accountant] 07/7/2017 22:15

bdog51 pretty much agree with all your post.I think the big private equity funds who invest in unquoted companies look for an exit in 4 years.
I have an average of around 11p so smallish loss at the moment.
Like you I am looking to stay in for at least 2 years from now. I normally invest and rarely trade - that seems far too stressful !! So still relaxed with things at the moment.

[bdog51] 07/7/2017 20:48

So FFWD share price is back into 'oversold' territory after today's fall in SP, with RSI around the 30 mark. For those who still believe in the Board's strategy then it could thus be a great buying opportunity down at these levels, IMHO. I timed it a little wrong and topped up at 10.8 a couple of days ago, expecting a rise not a fall in the near term with results or news. Another bad call on my part, that's fairly standard. The Results RNS wasn't earth shattering but it wasn't bad either. The follow-on news that's yet to come is what is important, when it lands.

I'm certainly no expert but I'd expect about 3 years+ (ie from the start of a company not from now) to possibly see some good returns kicking-in from these tech start-ups. I've been here 18 months so on this timeline it's still early doors. I'm going to continue to be patient here for quite a while longer in the hope of getting rewarded further down the line. I still don't yet think I've called this wrong, despite the decline in share price I think a lot of folk who have dipped into FFWD in the past have expected earlier gains, better newsflow and thus baled when it just didn't happen. Likewise for those who watch the NAV expecting it to rise significantly with each Results RNS. I don't think the real timeline for investor rewards is understood by many here ie it's longer than most expect.

Happy to hear any other views from those with more experience. I am expecting great things in particular from Yooya, Factom, Nuvera and hopefully Leap Gaming. It's such a diverse portfolio that we could be in for some very nice surprises before too long. If just one of our investees stikes significant success, the share price could suddenly travel north at a surprising rate.

Still holding onto these, bottom drawer stuff for me. Those who trade this might be achieving some small recurring gains but LTH'ers here have yet to see any profit in the main which, whilst disappointing, is hopefully only temporary. It should ultimately be the long termers who reap the greatest rewards. I confess that I've been underwater for over a year here yet I haven't given up. I do hope I'm not going to be disappointed.

That's my current thoughts anyway, not expecting others to agree with me necessarily but it's good to share our personal views of FFWD on this board I think.

[doodlebug4] 07/7/2017 16:09

There is surely nothing to stop the investee companies from using social media to communicate - as some of them do. I don't have a problem with the NAV in the accounts and have always understood that aspect. The truth is that FFWD currently has no money in the bank, so I'm not sure where the money is going to come from when they want to "move quickly" when they "see an opportunity".

8881CB, I appreciate your comments about patience being rewarded - but what kind of timescale are you thinking about here when the share price has already been in a downward spiral for over a year?

[888icb] 07/7/2017 15:41

DB4 That quote says exactly what I have said several times on this board. THat is the reality of this share and if people don't like that they haven't got news or aren't allowed to broadcast it then its not a share for them.
Its also because of that lack of info that the NAV in the accounts hasn't altered.
Patience will be rewarded but the board of FFWD cannot control the timing of deals or even news announcements of companies they have invested in.

[doodlebug4] 07/7/2017 14:31

You could pick holes in these two sentences of b------t for various reasons.

"All of our investee companies are small private start-ups which do not or, for commercial reasons cannot, communicate regularly and publicly with the market and our shareholders which can be frustrating. Our investing policy allied to our broad range of contacts and expertise and fleetness of foot enable us to move quickly when we see an opportunity."

[flashheart] 07/7/2017 12:39

Thanks Lauders. I think we were all holding on with a tranche waiting for the killer RNS. Still may come, and I hope it does for those still holding. Hopefully I will be back at some point.

[lauders] 07/7/2017 12:18

LOL DB4!

moormoney is spot on.

Unfortunately companies (some!) these days have standard wording they use for various forms etc... and it is there just to look impressive. However, they don't actually follow or adhere to what they write. This appears to be a clssic example.

flasheart - I wish you well. I agree with your post too including the part about 888. I said it before but LONG TERM, if you wish to just keep your investment in the bottom draw and come back in a few years, FFWD may well do you proud. I was under the impression that the board would be more open with shareholders and share the news and although it started out that way it is no longer the case. I have noticed it and DB4 has also noticed it.

I really should have sold out at 12.50/12.75 on the last spike when I had a chance rather than believing some news was on its way and holding on. Disappointing but only myself to blame.

[doodlebug4] 07/7/2017 11:15

Lauders, did you read this bit?:-)

"Dialogue with Shareholders

The Directors are always available to enter into dialogue with shareholders. All ordinary shareholders will have the opportunity, and indeed are encouraged, to attend and vote at future Annual General Meetings during which the Board will be available to discuss issues affecting the Company. The Board stays abreast of shareholders' views via regular updates from the Chairman and the Nominated Adviser based on meetings they may have held with shareholders.

The Board monitors the trading activity and shareholder profile on a regular basis and maintains contact with the Company's Broker to ascertain the views of shareholders. Shareholder sentiment is also ascertained by the careful monitoring of the premium/discount that the Ordinary Shares are traded at in the market when compared to those experienced by similar companies.

The Company reports formally to shareholders twice a year. Additionally, current information is provided to shareholders on an ongoing basis through the Company website. The Company Secretary monitors the voting of the shareholders and proxy voting is taken into consideration when votes are cast at the Annual General Meeting."

[flashheart] 07/7/2017 11:15

All a bit 'woolly' for now imo doodlebug. Sold my remaining small holding this morning after reducing over the weeks like yourself. I will continue to monitor intently as I still like the story here. I think it may flounder in the short term. Agree with 888 on a longer term view.

[doodlebug4] 07/7/2017 10:18

I'm not quite sure what this means. Does Lorne Abony think FFWD can charge a fee to the investee companies?!

"Our latest investment in Nuuvera brought us to a fully invested position. It is clearly in our shareholders' best interests that their capital is used to generate returns rather than to fund overheads. Therefore over the latter part of the year I have instigated a process to reduce our overhead costs and to seek recovery of a portion of our overhead from investee companies reflecting the dedicated work we carry out on their behalf. I anticipate that these reductions will be reflected in the coming months."

[doodlebug4] 07/7/2017 09:13

That's a rather defensive outlook statement from the CEO when you consider some of the bullish statements from Lorne Abony in the past. Perhaps the job is turning out to be tougher than he thought. Quite an interesting comment in the last paragraph of the strategy statement about reducing overheads - I'm not quite sure what that implies.
I'm still holding a small stake here, but I can fully understand why other private investors are selling out.

Edit - it was the paragraph in the Performance and Valuation I was questioning

[888icb] 07/7/2017 08:33

It is disappointing to see some selling on the basis of the results RNS. However the people who have done so I suspect do not fully understand FFWD and it is therefore good for them to be out. I suspect they will in due course regret that decision when real news arrives.

[888icb] 07/7/2017 07:54

The net asset figure is not significant but is dictated by accounting rules. They have to use the amount they invested not the amount they may be worth now.

[888icb] 07/7/2017 07:49

The results for last year as you would expect tell us nothing new. I am entirely happy with them and they set out clearly the realities of investing in FFWD and that it is not possible to provide a lot of the info that shareholders would like to have about invested companies.

[lauders] 07/7/2017 07:43

Maximising shareholder value and creating liquidity events is a task which can take a significant period of time to achieve. All of our investee companies are small private start-ups which do not or, for commercial reasons cannot, communicate regularly and publicly with the market and our shareholders which can be frustrating. Our investing policy allied to our broad range of contacts and expertise and fleetness of foot enable us to move quickly when we see an opportunity.

That's me put in my place!

Can't see much reaction to these results and we may drop more. Hope I am mistaken but it is a "game" of waiting until we are told what is what here. Have to read the results in more detail when I have time.

Edit - Wonderful performance Lorne and team: Net assets at 31 March 2017 of £10,101,000 (2016: net assets of £10,277,000).

Tongue firmly in cheek!

[doodlebug4] 05/7/2017 14:40

Lauders, it's very dispiriting not to get even a brief response from the company to polite emails - I've been there too and got the T-shirt. As moormoney says, thank you for your many efforts.

[moormoney] 05/7/2017 12:50

Some of my funds withdrawn from Ffwd are fortunately making up my losses as Blu is doing well. Long way to go yet though! As for my remaining holding I agree with lauders and thank him for trying to get a response from bod members.

[doodlebug4] 05/7/2017 10:04

For you monkeymonkey.:-)

[monkeymonkey] 04/7/2017 19:37

don't think a rabbits going to make much difference lol

[doodlebug4] 04/7/2017 17:50

Lorne Abony needs to pull a rabbit out of the hat here pretty soon.