Investing in the next technology revolution
​FastForward is a value-added hi-tech incubator investing in new 'disruptive technologies'. It is run by some of the smartest minds in the industry, whose objective is to generate substantial value for shareholders, by purchasing both minority and controlling stakes in rapidly expanding, private entities, that each have the potential to realise gains of 8-10x over a 3-5 year period.
Today, human physiological boundaries are being eliminated thanks to the roll-out of artificial intelligence, 'always on' communications and next generation robotics. In our view these advancements will accelerate the pace of future scientific discovery, with many investors left scratching their heads in terms of where best to place their hard-earned cash amid this rapidly changing world.
This is where FastForward fits in - an AIM listed 'value added' investor in early-stage, hi-tech businesses such as 'Virtual Reality' (VR). Soon there will be a much bigger wave of VR users, including the $35bn+ pa online gambling sector (source: Technavio).
The Company has just reported NAV as at 31st March 2016. The good news is that, despite conservative accounting methodology, shareholder funds climbed to £10,277k (vs £463k LY) - or 7.85p/share (vs 1.69p) - reflecting the £10,739k (gross) raised during the period (last placing being for £4.1m at 15p/share), offset by £747k of operating cash outflow (including transaction fees) and a £347k stock buyback at 11p in February.
Going forward, the Board is seeking to make much larger investments - perhaps even acquiring controlling stakes (>50%) in more mature organisations operating in the online gaming arena. Indeed, if the Board achieves only half of what is targeted, then we still think the shares at 16.5p could more than double over the next 5 years.
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