How to buy Fatfish Group (FFG) Shares
FatFish shares have been on the receiving end of enormous volatility over the last couple of days
Since the start of 2021, the Fatfish Group's (ACX: FFG) share price remained constant (around $0.03) up until February 7, after which they gained momentum and soared to an all-time high of $0.27 on Feb 16, signifying a whopping growth of 800%.
However, following this meteoric rise, FFG proceeded to dip substantially, falling to $0.18 at the close of the market on Feb 17. It is pertinent to mention here that the trading volume shares increased from $22.9 million to $407.3 million between Feb 11 and 16, translating to an increase of 18x within a period of just five days.
For those unaware, Fatfish Group is an Australia-based venture capital and development firm that primarily deals with investments in future-oriented technologies (such as blockchain) as well as internet startups.
What we know
One explanation for the sudden surge in FFG's value could be the announcement by mobile software company iCandy Interactive (ASX: ICI) of its intention to sell iCandy Digital, its mobile game development wing, for $4.8 million to Rightbridge Ventures, which is a subsidiary of FatFish.
FatFish is looking to enter the buy-now-pay-later (BNPL) space via Smartfunding, a financial services platform, which has its presence across the South East Asian BNPL market. In this regard, it should be pointed out that BNPL holds a massive 78.7% stake in Smartfunding.
Lastly, Fatfish has exposure to 'Bitcoin' which touched its all-time high of $64,500 on Feb 17, via its Sweden-based subsidiary Abelco, giving its recent uptick in share price a highly fundamental basis.
Thus it seems as though a perfect storm is brewing for FFG stock prices to keep surging, especially as Fatfish has made its foray into the SE Asian BNPL sector, which is still in its relative nascency but has massive financial upside. And it has dipped its hand in Bitcoin, a digital currency that has been rising at a monumental rate over the last 4-6 months, showcasing gains of over 250% since the start of the year.
How to buy FFG
To buy FatFish Group shares, you'll need to sign up with a broker that has direct access to the Australian Securities Exchange (ASX). To do this, you'll need to provide data such as your personal ID and tax file number. After funding your account, you will be entitled to start trading in the Aussie stock market.
To buy FatFish shares, simply search for the share name or ticker symbol - FFG in this case - and facilitate your purchase. Also, it needs to be highlighted that FFG shares do not pay dividends, so investors looking for passive income avenues may want to take that into consideration.
Furthermore, investors can make use of a limit order to delay their purchase until FFG reaches their desired price. Not only that, there are ways in which potential investors can spread out their risks, primarily via looking into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
Last but not least, it is a must for investors to weigh out their FFG budget in relation to their portfolios so that they can minimize their risks in case the stock rises or plummets suddenly.
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