Forum Archive Index - May 2002

[Adam Rands <adamlist@iguana2.com>]

I hope some of you got on board ASX:FUN

23% rise over the last 2 weeks.. Now at an all time high

I took some profits and sold half my holding today. Still bullish on the 
company tho.

Market depth still looks very strong.

I would be interested in a longer term technical view. - Andrew, Phaedrus??

Cheers

Adam



At 08:43 PM 11/05/2002, Adam wrote:
>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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