FDV – Frontier Digital Ventures
been a tough year or so, out there for FDV. Some chatter from the stockerati:
Chris Conway: Hello, and welcome to Livewire’s Buy Hold Sell. My name is Chris Conway, and today we are looking at five microcaps with big ambitions, and some of them may in fact already be leaders in their space.
I am joined by Joel Fleming from Yarra Capital Management and Chris Stott from 1851 Capital. Thanks, gents, for being here.
Chris, we’ll stay with you. Frontier Digital Ventures. These guys partner with local teams, and they build online marketplaces in emerging markets. Is it a buy, hold, sell for you?
Chris Stott (BUY): Buy. Run by Shaun Di Gregorio, proven operator at REA and iProperty Group, previously. The sum of the parts is way north of the current share price, underappreciated by the market. So a strong buy for us.
Chris Conway: Joel, what about you? Frontier Digital, is it a buy, hold, or sell?
Joel Fleming (SELL): It’s a sell for us. Very high regard for management, really believe in the structural theme, emerging markets. There’s just too much risk in the current environment.
