Yep t_j they did a PEB and came out with a good story ....did you ask them to?
Put a rocket under the share price?
http://nzx-prod-s7fsd7f98s.s3-websit...323/298380.pdf
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Yep t_j they did a PEB and came out with a good story ....did you ask them to?
Put a rocket under the share price?
http://nzx-prod-s7fsd7f98s.s3-websit...323/298380.pdf
https://www.sharetrader.co.nz/member.php?4303-winner69: "Put a rocket under the share price?"
https://www.sharetrader.co.nz/member.php?5811-peat: "share price not responding yet, only one lonely lowball buyer currently !"
And you are surprised? Surely not.
This was posted by me nearly exactly 2 years ago... wow my FY17 and FY18 forecast weren't bad (ended up being $69.2m in FY17 and 80.1m in FY18 operating revenues)
What I certainly didn't forecast was AFT share price dropping to its lowest point ever, despite my forecast (if true) showing a doubling in gross profits in just 4 years... someone was clearly very keen to get out, although the reason is not entirely clear why (it wasn't an insider selling as this would have been disclosed already).
Speaking of insiders, wow the board of AFT has been rock solid, nobody coming and going, just solid and steady management.
Anyhow, now to FY19: What I was also a bit off on was my FY19 forecast... $100m operating income likely a bit optimistic... I'll be expecting this in FY20 for sure (+ a significant portion of other income it has been indicated, which maybe several million additional income for FY20)
What I'd like to see in a months time when FY19 is announced:
- FY19 Operating Revenue of $88m, total Income around the $90m mark.
- Gross profit of $42m (wow that would be double what it was just 4 years ago - can't fault a company for doubling profitability every 4 years)
- Underlying operating profit of a few million
- Operating cash flow positive
- Bonus: first NPAT (not ever, AFT has been profitable for years and years) but a first NPAT as a listed company
Maybe that’s the big problemQuote:
trader_jackson
Speaking of insiders, wow the board of AFT has been rock solid, nobody coming and going, just solid and steady management.
Just looked at the nice portraits of them on their website ...OMG
I would be very concerned if it was a rotating door of people.
They are delivering, slightly slower than I'd like, but delivering none the less.... but clearly the market getting a bit impatient at lack of bigly announcements... solid and steady progress, like doubling of gross profit every 4 years, is clearly not enough to entice some to stick around.
https://www.stuff.co.nz/business/ind...ferendum-nears
Wow they really pumping it now - media team must be reading share trader + seeing share price slump and wanting to put out a good story - and they delivered I reckon...
AFT soon gonna be like those pot companies on the ASX, have a small announcement on something related to cannabis, and then triple in price in a few days as a result of people lapping up 'the story'?
"It expected to return to profit in May when it released its 2019 annual result, Atkinson said." Sounds like NPAT for FY19 a done deal... we'll see in just a months time... that'll be a nice bonus as far as I'm concerned, before the bigly NPAT comes in FY20 and beyond.
Seems like AFT are "well positioned", profitability wise, and growth opportunity wise (and not just in new products, but new countries... "Over time he expected international sales from outside Australasia to make up about half of total revenue.")
Yep tj ...that news of medical marijuana is awesome
I’ll be buying tomorrow ...can’t live se I reckon
Can anyone who support AFT justify equity:debt of $2,960,000:$56,446,000? I believe there must be something if still support AFT even when they are valued at $160m with so much debts on their books.