Companies / FPC

FAT PROPHETS GLOBAL CONTRARIAN FUND LTD

ASX:FPCNot Applic
32.0M shares on issueASX (delayed) · snapshot 11 Sept 202635.7M fully diluted+11.8% if every option and right converts$1.35price · delayed$43.1Mmarket cap · indicative

Today’s holders own 89.4% of what they think they own, once every option and right converts.

Low
Dilution risk

2 cash raises in 24 months; share count grew 12% in 24 months; options/rights overhang 12% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)12.3%
Raise cadence (24m)2 cash raises
Options & rights overhang11.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

FAT PROPHETS GLOBAL CONTRARIAN FUND LTD's ordinary share count grew 12.3% between September 2025 and June 2026, to 32M shares. The fund raised capital twice in the past 24 months, for total disclosed proceeds of A$6.3M, most recently a A$5.4M rights issue in April 2026. Options and rights on issue could convert into 4M new shares, representing 11.8% of the current share count, with the nearest expiry in June 2027; none are currently in the money. The company has not lodged a current quarterly cash report, meaning no funding-runway figure is on record. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 29 Aug 2026
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11.8%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
—
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 32.0M per ASX (delayed) (snapshot 11 Sept 2026).
28M30M32MDec 24Oct 25Sept 26Cash raise · 23 Apr 2026Cash raise · 13 Aug 202532.0M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
16 June 20262A · quoted issueFPC : ORDINARY FULLY PAID32.0MAppendix 2A
16 June 20263G · unquotedFPC : ORDINARY FULLY PAID30.5MAppendix 3G
10 June 20263G · unquotedFPC : ORDINARY FULLY PAID28.2MAppendix 3G
10 June 20262A · quoted issueFPC ordinary shares30.5MAppendix 2A
9 Apr 20262A · quoted issueFPC : ORDINARY FULLY PAID28.2MAppendix 2A
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27 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 1 in the last 12 months

every 8.3 monthsaverage gap between raises
4.7 monthssince the most recent
13 Aug 2025 – 23 Apr 2026first to most recent in this window
$5.4M
Rights Issue
23 Apr 2026 ACTIVE
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2 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

11.8%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
3.8M
Potential new shares
June 2027
Nearest expiry
What a price move would switch on
1.9M3.8M$1.35 now0.25× today ($0.34) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.68) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($1.01) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($1.35) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($1.69) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($2.03) — 3.8M of the priced supply in the money, 11.8% of shares on issue2× today ($2.70) — 3.8M of the priced supply in the money, 11.8% of shares on issue3× today ($4.05) — 3.8M of the priced supply in the money, 11.8% of shares on issue5× today ($6.75) — 3.8M of the priced supply in the money, 11.8% of shares on issue10× today ($13.50) — 3.8M of the priced supply in the money, 11.8% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $1.35 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 3.8M (11.8% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
CodeSecurityTypeExercise priceExpiryOn issueSource
FPCACOptionsPrice-triggered$1.8011 June 20273.8MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
10 June 2026Angus GeddesOther entitlement/SPP614k614k—$872k3Y notice
10 June 2026Katrina VanstoneOther entitlement/SPP10k10k—$14k3Y notice
10 June 2026Michael GallagherOther entitlement/SPP12k12k—$17k3Y notice
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9 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

11 Sept 2026Weekly NAV
8 Sept 2026Dividend/Distribution - FPC
8 Sept 2026$PFinal Dividend
6 Sept 2026Update - Notification of buy-back - FPC
3 Sept 2026Weekly NAV
31 Aug 2026$PApp 4E and Audited Accounts
30 Aug 2026Update - Notification of buy-back - FPC
28 Aug 2026Weekly NAV
20 Aug 2026Weekly NAV
17 Aug 2026Update - Notification of buy-back - FPC
13 Aug 2026Weekly NAV
13 Aug 2026Net Tangible Asset Backing
6 Aug 2026Weekly NAV
30 July 2026Weekly NAV
24 July 2026Weekly NAV
16 July 2026Weekly NAV
14 July 2026Net Tangible Asset Backing
9 July 2026Weekly NAV
6 July 2026Weekly NAV
28 June 2026Weekly NAV

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.