Even the best stock pickers will make plenty of bad investments. Unfortunately, shareholders of Frill Holding AB (publ) (STO:FRILL B) have suffered share price declines over the last year. To wit the share price is down 59% in that time. Because Frill Holding hasn’t been listed for many years, the market is still learning about how the business performs. The falls have accelerated recently, with the share price down 58% in the last three months.
With just kr2,305,000 worth of revenue in twelve months, we don’t think the market considers Frill Holding to have proven its business plan. This state of affairs suggests that venture capitalists won’t provide funds on attractive terms. So it seems that the investors