Forum Archive Index - May 2002

["Adam" <adam@iguana2.com>]

Take a look at Funtastic (ASX:FUN) currently trading at 64cents

With the Spiderman movie been a box office surprise it will be 
interesting to see what affect this will have on the Funtastic 
shareprice.

Fantastic have the exclusive rights (still trying to find out what this 
actually means) to distribute “Spiderman Toys” to the Australian 
market. 

See the announcement they made to the ASX on Friday

http://stocknessmonster.com/news-item?S=FUN&E=ASX&N=190157

I am sure Funtatsic were not anticipating the huge success of the film  
(no one was) and as such were not predicting Spiderman to be a major 
contributor to their bottom line. Given that they are a small cap (Mkt 
cap $AU34mil) the success of the film and the spinoff merchandise could 
make a significant impact.

Disregarding Spiderman, Funtastic is a great little company and worth 
looking into more. It has small but solid revenue streams, proven 
management, acceptable dividends, ridiculously low PE etc. Liquidity is 
not too much of a problem either. 

Using my charting 101 skills Funtastic looks to the in an upward trend 
and have reasonably support around 58cents. There seems to be some 
resistance around 62cents however this was broken on Friday…. Maybe 
Phaedrus and Andrew would care to comment?

Here is an interesting supporting article in today's SMH

http://www.smh.com.au/articles/2002/05/10/1021002390496.html

The Funtatsic Annual report is also a “Fun” read. The whole annual 
report is presented as a Spiderman comic”. If there were awards for 
most innovative annual report Funtatasic latest would rate highly. – It 
can be found here. http://www.funtastic.com.au

Interested in others views.

I’m now off to buy myself a “Web Shooter”. It shoots “Web Fluid” over 
180m! 


Cheers

Adam 

Disc – I hold a few.



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