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Fab-Form Industries Ltd. (FBF.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.96000.0000 (0.00%)
At close: 09:30AM EDT

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  • E
    Ed
    Q2 should be out soon.
  • M
    Martin
    Guys, what am I missing here? It seems too good to be true? What are the main arguments against investing in Fab-Form? Is it cyclical or sensitive to the housing market? Are these peak margins?
  • D
    Dragon
    Best quarterly earning $0.039 per share: "Fab-Form had another exceptional quarter with a robust increase in sales and profits. We are confident that the ICF market will continue to grow in the next few years.
    There was dramatic growth of 218% for the Monopour in the third quarter over 2021. We have designed and are currently manufacturing new production machinery that will increase output by 300%.
    Subsequent to the quarter-end the Company completed an issuance of shares for debt settlement, which completed on 28 October 2021. The Company issued 261,981 shares at $0.55 per share to settle creditors balance of $144,089.55. Insiders have participated in this transaction with 127,111 shares issued to them. Refer to SEDAR for the news release published on 28 October 2021.
    On 17 November 2021, Fab-Form achieved a key milestone by entering into a Fabric Development Agreement with Hagihara Industries Inc, a company domiciled in Japan. This Agreement will enable both companies to research, test, and develop a unique fabric optimized for the Fast-Tube fabric column form. Concrete pressures in the fabric form induce tensile force in the weft direction only, not in the warp direction. Refer to SEDAR for the news release published on 24 November 2021.
    Provisional designs for the Fast-Slab system have been completed subsequent to the quarter-end, and drawings for the patent application are in progress. We expect to complete the process during the winter."

    Wish I could get some at low price tomorrow morning.
  • E
    Ed
    Feeling lonely here. For the record, I bought at $0.51 May 3, 2021. My guess is that it will be $0.75 by Christmas.
  • E
    Ed
    After 5 months, I am now officially in the green! (for now;)
  • D
    Dragon
    Checked the financial report in quarterly basis in the past, the company indeed has strong seasonality. For example, in 2020, it had revenue $0.872 million and earning $0.118 during the 3th quarter, but it had revenue $0.574 million revenue and -$0.028 million loss during the 4th quarter, and revenue only $0.310 million during the 1th quarter.
  • s
    sam
    Does this research agreement mean anything?
  • E
    Ed
    Looks like I'm the first one on this board. May 2, 2021. I wonder how many posts in a year when FBF benefits from the stimulus into infrastructure?
  • s
    sam
    Does anyone know when q4 earnings will be released? No date announced on the IR site afaik
  • s
    sam
    what happened to Q4 and Q1 earnings
  • E
    Ed
    Ok, which one of you guys bought 6 shares? Worse yet, who sold 6 shares?!
  • E
    Ed
    Stay tuned for a blah Q4. I put a low-ball in for $.83.
  • E
    Ed
    Hey team, good pr and maybe the Asian deal is maturing. Spring is around the corner and as @Dragon points out, this is a seasonally influenced financial pattern. I'm putting in a $.93 bid and hold until September.
  • E
    Ed
    Hit the $0.75 early!
  • E
    Ed
    Ok, time to get back in and stay for 3 quarters.
  • E
    Ed
    I hope we get a piece of that $1.3T infrastructure spend.
  • J
    Jade
    Sit back and enjoy the growth.