I see what you mean by the zeros it confused me that it said market cap' $17million
Thanks
Printable View
Business strategy appears to be gaining better visibility with recent acquisitions and particularly today's announcement of the conditional agreement to buy Willard Marine Inc, a 60 year old US based business operating in the military, first responder and commercial sectors. Perhaps this is the deal mysteriously touted a year ago?
https://www.nzx.com/companies/FMS/announcements/307843
The tone of company announcements and communications since the appointment of Mark Broadley as CEO is clear and unambiguous. I take this as a positive signal the business now has clear direction and purpose.
However I'm not impressed by their proposal to delist from NZX and move the company to the lightly-regulated AIM market in London. It will be interesting to see how the matter is handled at the AGM on Friday when they have a chance to convince shareholders to agree.
It's SNAFU at FMS - for the second time in 5 years uinder the current Chairman the AGM has had to be adjourned because NZX listing rules for giving notice to shareholders have not been followed. The opaque AIM market will seem even more appealing now. Such incompetence is unbelievable - time to walk the plank M. Series.
Perhaps they were focusing on the Boat Show - AGM minor details :)
In all seriousness - I agree not a good look and not a holder either
If FMS were to join London's AIM Market how does that work for current shareholders?
I wasn't stressing .. just haven't lived through a transition before.
Picked up a few more today - sorry for dropping the SP for everyone else.
It sounds like they are going to start working on selling their story to shareholders.
https://www.youtube.com/watch?v=248V...tsCt6&index=14
Mostly liking what I see with this company. Revenue base up 100% over the past 24 months, largely driven by acquisitions.
Big goals and they appear to have identified a market gap.
Not sure about the new and dual listings they are investigating given the lack of interest on the NZSX.
Disc small holding
Yes you are right on about revenue growth. And it seems its continuing as someone at the Boat show referred to a document that said that FMS will / are looking at achieving a NZD $50 million plus revenue number in the year to 31/3/19. Now thats another near 100% on 2018. Good on them.!
Seems this little NZ manufacturer is now making progess on the world stage, not only in pleasure craft but in the government or semi government space and in tourisim too..... it is still an NZ listed company but for how long people ask. There' s an old saying in investment : " Value is where you find it". So who cares where its listed? One day for sure this one wont be, anywhere.