The Fatfish Group (ASX: FFG) share price has rocketed up as much as 20% today and is currently trading at $0.1575.
The rocket upwards follows Fatfish groups release of a material annoucement with KryptoPOS. KryptoPOS is a leading cloud-based POS software. KryptoPOS serves more than 5,000 merchants and 15million consumers in Malaysia and Indonesia.
Prophet took up a substantial position in FFG at $0.03. We have since watched the share price moon, taking in over more than 5 x since the first purchase. Alerting our private Facebook page back in October. So FATFISH ROCKETS UP 20% and can this continue?
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With FATFISH ROCKETS UP 20% Today, Whats Next?
Things seem to be going from strength to strength for Fatfish Group with the company now being valued at more than 136million.
Whilst the valuation seems to be stretched at the current prices. There are a number of massive market movers for the company from here. Fatfish is a holding company for a number of great private and public companies. One of the most known probably being ICI.ASX of which FFG hold approximately ~50% and a 78% interest in Smarfunding.
Prophet are holding their shares of FFG for the time being and we look forward to many more massive annoucements to do with ICI and SmartFunding.
Please Remember all Articles Published on Prophet Invest are Opinion only
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