AN RNS from a company, after hours on a Fri night, would often spell disaster.
NOT IN THIS CASE
USA division sold for more than market cap of whole company.
FTS INC sold for $13M.
FTS paid out 8p per share last year to shareholders.
FTS could pay out 25p per share from the sale of FTS INC
FTS would be left with up to 50p of value, based on yesterdays sale price, and that is after the 25p above has been paid out.
FTS unknown , and unloved has turned a $2m buy five years ago, into a $13M sale this week.
Todays RNS shows your 23p has paid out a 16p divi and 16p for your shares = 32p. in under 6 months.!!
Now look at my other posts NTA up 400% in the last year.
