Future Mobility Solutions - FMS [was Sealegs - SLG]

**Nigel** · 25-11-2013, 01:23 PM

My personal opinion is that the management of this company has improved greatly over the past few years. Some would question the abilities/intentions of management a long time ago, but I think that has all improved. I like the product, and I like the 'brand' they are developing. However this is a thinly traded stock, and in the absence of a strong report, I fear it will drift back to the 11-15c range. A big shareholder came in last year (I think) at 19c, when the stock had been trading at around 9-11c from memory, so they obviously saw something that made them want to invest at such a premium. I had hoped we'd have seen that 'something' by now - the maiden profit was well recieved, but now we've backpedalled and are making a loss again. Will be interesting to see if they can realise a profit by the end of the financial year. If not, I think the sp will be punished for not delivering to expectations.

**Scottman** · 26-11-2013, 05:38 PM

I lost patience with them ages ago. Moved on to better run companies.

**Leftfield** · 26-11-2013, 07:38 PM

Originally Posted by Scottman

I lost patience with them ages ago. Moved on to better run companies.

Totally agree. Best thing I did was to sell my SLG.

**Valuegrowth** · 10-01-2014, 10:14 PM

Could they have bright future once world economy improve? With their patented Amphibious Technology will they able dominate in this area globally in the future?

**Scottman** · 11-01-2014, 08:29 AM

My view is there are far better companies and products to invest in unless you have got lots of spare cash and you want to take a punt.

**Bobcat.** · 11-01-2014, 08:52 AM

I picked some up last year at 15.5c on the back of their exposure at San Fancisco (America's cup) but as soon as they published their financial report, I sold out (at 18.1c, soon after it had peaked at 20c). The time to buy back into this stock was during the subsequent sell-off that dropped the price to 13c - not now IMO.

There is a March European convention/expo they earlier announced attending that could provide a boost but they need to demonstrate improved sales revenue before I will invest again in SLG (i.e. a decent return on their several years of overseas trips marketing their product).