US Market +240.. About Time! | Fat Fish (FFG): Update with CEO | Commodities Stronger |
Niv Dagan
Peak Asset Management
Good Morning, About time these Americans got their act together… Dow Jones +240 SP500 + 26 Oil + 2.2% Gold + 0.90% … Does this mean that we should finish the day in the black? We should…. Last night I caught up with KW Lau for some teppanyaki on the banks of the yarra river… There was the usual “egg throwing” and some warm sake, but more importantly, KW was in Melbourne to see brokers and fund managers for the upcoming icandy IPO, listing on the ASX mid September… At $0.185/$0.19 and with a market capitalisation of ~ $20M, the market is simply ignoring the $44M spinoff and any of FFG’s assets (Dressable, RajaPremi among others)… Given FFG will make ~ $40M from the spinoff and pay away ~50% as an “in specie” dividend, to me, looks extremely “cheap”… Moreover, there will be other spin-offs and more value will be created to shareholders, so for those holding, keep holding, as we will all be rewarded. The SPI is pointing to a 30 point rise this morning
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
3 topics
Niv Dagan
Executive Director
Peak Asset Management
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise
Niv Dagan
Executive Director
Peak Asset Management
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
How to choose excellent fund managers
Livewire Markets
Macro
The RBA should warn that it could raise rates again
Coolabah Capital