@tessastanle I agree with your two schools of thought comment....

@tessastanle

I agree with your two schools of thought comment. But the price seems crazy to me.

Market Cap @ $0.40 is only $95.9M
Debt (Payables) is $5M
FIG's current cash balance is $27.9M.

Therefore enterprise value is $72.9M (Can someone check I worked this out right)


NPAT for 1H18 was 7.8M so full year NPAT should be $15M (conservatively).

EV/ NPAT is only 4.86
EV/EBITDA is 3.48 (Assuming EBITDA of $21M)

I understand plenty of people who wanted to buy a straight line growth stock must be feeling pretty hurt. But looking at the earnings and the growing trail book this company seems way to cheap to me.

Obviously I'm a holder and talking my own book but I'm interested to hear how others are calculating the value.