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2% of £17m is considerably more than 5% of $1.5b
It’s great news. Ed has identified a company clearly run very well & looking for fast growth. Having a billionaire fund buy in is great news
No not a negative I said this morning it was good but not much of a cash outlay and I also said I would of been happy with 4 or 5% if you would like to check, you would of thought our friend Alfredo might of known more but not to worry, and remember Jim Melon known by many as the U.K. Warren Buffett.
Amazing how you turned that into a negative , made me laugh. FFWD wouldn't have known when they bought and maybe they will think about buying more. Depends what they have lined up for the rest of the cash though.
so Alex bought 5% today but our team who have the cash went for another 1% to bring us up to 2%, maybe our team not as confident ?
https://twitter.com/greenhamneggs/status/1403029325935517697
Courtesy of DU DU
@greenhamneggs
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19m
Alex Waislitz started with $1.15 million to found his very own investment company: Thorney Investment Group. known as The Warren Buffett of Australia by turning this investment into what is now a $1.5 billion fortune.
Announced an initial 5% entry in LGP today
#FFWD
Wow dukes, say our 1mill investment in LGP will have to go some to be worth 17mill , but you never know
There are regular big prints
_+600k yesterday at 8p 48k
When he's away we'll be on our way. Add a Leap announcemt then Bob's, errm, yer uncle!
Happy days on the way hopefully
Let’s see if we have a large sell printed this evening. Could be a large fish reducing their holding. FFWD website shows holdings of the big guns as of April 2021. Does anyone know how often this is updated?
Leap, its as simple as that.
Good RNS this morning implementing the declared strategy . However on volume of 1.2 million with Buys exceeding Sell 3:1 FFWD is down 1.2%. We are trading at a 40% discount to NAV which excludes the large uplifts expected from Leap and JUV. What is it going to take to get this moving north again from this bargain basement price?
Longlad I think most in this sector has a bigger market cap than FFWD just look at KNB CBD, just 2 we were invested in, plenty time for catch up once they get the Leap deal finally done.
Totally agree. Ed has been very clear also, that they want a mix of established & seed companies, liquid & non liquid. He’s creating a portfolio. Pascal will help seek out the unusual ones most can’t access. Watch this space, the experts are doing their thing. 40% below our true worth. One day there’ll be a catalyst and we’ll see true value & more. As Ed said, ‘we should be trading at a premium to nav.’ Look at ANIC for goodness sake!
I am more than happy with today's announcement. Remember EMMAC were only a reserve supplier to the all important French medical cannabis trial, LGP made the first team. This is very significant imo, they have every chance of becoming a significant player in the European market.
Without wanting to get into a massive debate. FFWD have already stated that buying into seed rounds isn't necessarily what theyre going to be about in the future.
And for good reason. turnaround takes too long for investors.
Slowly drip-feeding capital into business as and when it proves itself is much better risk management for the time being.
The name ‘Little Green Pharma’ might give people the impression that they are, well, a little green pharma....their market cap is AUD129m, roughly £70m so about 4 times the size of us.
Your right longlad I would of liked around a 4 or 5 % holding in LGP but it’s a start, didn’t spend much money there so plenty left to invest elsewhere , but this time they have to make it count , I’m sure they will have something much bigger lined up down the line, well they have to really don’t they ?
I thought LGP is a winner and in demand , just sends the message out that if they want more money ffwd is willing , it's a good purchase.
Money will be lined up to go elsewhere I'm sure.
Good company but I was expecting better use of the money that just buying market Listed shares tbh
Morning all
Good to see capital being deployed. As said yesterday, portfolio needs to have a counter balance to leap.
Be interesting to see how the market reacts, LGP.Asx is trading at around .68 so not expecting too much excitement. My moan of the day today would be Ed is meant to be opening door to investments that we, the average PI can’t get access to, through their extensive network, contacts bla bla, obviously LGP is listed so if folk want it directly then can have it and trade it at their own discretion.
GLA, let’s see how we go
Some good news at last, hopefully this is just the start.
You never get any leaks whatsoever here so yes, it will be completely out of the blue.
Ed did speak of getting a 10x return on one of their investments in a podcast last month. There’s only Leap or Juv it could be... interesting times coming in to Q3 for sure