Ffi Share Discussion Threads

[tallprawn] 29/1/2019 08:38

There are no rumours - It's just you over thinking or making it up UW.Show any factual evidence/link otherwise I'd suggest you drop this idea an MBO is in progress. The share price is just sold off due to a series of poor announcements. Be patient and it will recover - No need for the associated conspiracy theories.

[ultimatewarrior] 29/1/2019 08:32

Good luck to youSooner rather than later the board willHave to answer the mbo/delisting rumours

[stemis] 29/1/2019 08:23

I've no plans to sell at these levels.

[ultimatewarrior] 29/1/2019 06:22

Will you be dumping stemisYou could just carte Blanche ask David Sasso if they are planning an mbo and see what he says

[stemis] 29/1/2019 00:06

I think part of the problem could be that with such a small float and with the company effectively controlled by Ransohoff and Golden Sun (who with the 3 other largest holders can even pass a special resolution) institutional investors are just not interested. So when you have a largish shareholder who wants out, the price gets driven down. Private shareholders are a skittish bunch and a failing price can spook them out of the shares, compounding the fall.

For this to be even close to a reasonable valuation, something must have gone horribly wrong in FFI or the company be planning something unpleasant (delisting or ludicrously cheap MBO offer). Even if there is no recovery in H2 v H1 results, the valuation is under 2 x ebitda or a P/E of 4.5 (in a cash positive business). That would make it the cheapest stock I know.

I guess we'll find out eventually...

[ultimatewarrior] 28/1/2019 18:54

There's also no delayed prints

[rywoo] 28/1/2019 18:07

Agree, I'm long but no indication of forced selling

[ultimatewarrior] 28/1/2019 17:50

Who says there is a forced seller, there's no evidence of such

[fozzie] 28/1/2019 17:33

Forced seller equals opportunity in my book, bought a few more today.

[rywoo] 28/1/2019 17:24

Spoke to him last Friday and today, no insiders are selling apparently and no indication of next report either

[ultimatewarrior] 28/1/2019 17:22

Have you spoke to David SassoToday

[tsmith2] 28/1/2019 17:22

No holding statements...so who has been selling, a mystery!

[tsmith2] 28/1/2019 17:21

Final shake?

[tsmith2] 28/1/2019 17:21

Not much late reporting

[tsmith2] 28/1/2019 16:43

i see your point

[dave4545] 28/1/2019 16:29

They are the market maker that have been sitting on 23p offer selling unlimited millions tmsith and now lower.

[tallprawn] 28/1/2019 16:12

Agreed - I think this is the bottom. Hopefully FFI know who the seller is/was and can support a rerate in the share price with good news or some director buys now.

[bad speculator] 28/1/2019 16:09

My guess is there will be a big delayed transaction printed later, which hopefully took out the remaining shares form the mystery seller

[dave4545] 28/1/2019 16:08

Sunny

Online limits. Since the drop and dry up of buying the online bid has been next to nothing so not a shorter just people selling what they can online.

I've took the hit chaps too. Lost a canny bit on this. Got to protect my capital and I will be happy to buy back in higher if company finally says something positive.

Liberium is just selling down endless amounts of stock

[bad speculator] 28/1/2019 16:08

I have managed to buy 15k shares but can't get a quote to buy much more

[sunnybeachboy] 28/1/2019 16:03

A few tiny sell trades.2754 2 x 1500500 A shorter at work here ?

[tsmith2] 28/1/2019 16:01

Significantly more

[ultimatewarrior] 28/1/2019 16:01

10000 shares, yourself