Fat Fish (FFG) On The Move...
Niv Dagan
Peak Asset Management
Fat Fish Internet Ventures (FFG), is an internet incubator encompassing 13 portfolio companies, listed on the ASX. Some of the companies include Dressable (the 2nd largest online shopping mall in Singapore) and RajaPremi (one of the only platforms that sells car insurance and travel insurance in Indonesia). The stock is finally showing some signs of life after two solid announcements. Last week, the company announced that one of their investee companies, NVOI, will be acquired via an RTO, and today, that icandy (ICI), which FFG controls 90% (valuing FFG's stake at $40M), will list on the ASX and is nearly twice over-subscribed. At $0.06, FFG's market cap sits below $8M, where its book value should be north of $0.60 per share. We see upside at current levels, as momentum builds.
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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.
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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
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