What are investors/SH's thoughts on FIG fundamentals?
Given the recent sell off the value proposition for FIG is looking compelling. Not a holder but am considering investing at these levels.
Highlights as follows:
- Strong OCF of $8.6M in FY17
- Current ratio 1.7X with NWC of approx. $16M and Cash balance of approx. 27M
- Healthy Balance sheet with Net Tangible Assets of approx. $49M
- Revenue growth of 86% FY17
- P/E approx. 7.7X
- Directors with significant skin in the game
- Recent insto. buying from Discovery Asset Management
Happy to hear all opinions.
FIG Price at posting:
51.0¢ Sentiment: None Disclosure: Not Held
