Share price been heading south again.
What's up?
I still wouldn't rule out a capital raise.
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Share price been heading south again.
What's up?
I still wouldn't rule out a capital raise.
The NZSA Auckland Branch company visit to AOF's premises in Appollo Drive, North Shore, earlier in the week was quite well attended, and I noticed Oliver was one attendee on that occasion. These are always enlightening and you usually get an in-person presentation from the CEO and CFO as on this occasion which guides understanding better than just a slideshow or simple read of material in my opinion.
They were commendably upfront in a recent NZX announcement about the risk of breaching one banking covenant, but I inferred that actually isn't a problem currently and I very much doubt it would be apt to attempt a capital raise given the current share price and understood that it isn't under consideration - if that helps?
And I did suggest a 1 for 10 share consolidation but that isn't a priority just now. I was told they had a share register cleanout of around 1800 holders that didn't reach the marketable parcel value threshold a year or so ago.
Quite proud this is a NZ company, even though its manufacturing base is offshore - Vietnam and Mexico mostly.
I don't know how to rename/retitle this thread this thread but that should be someones objective.
AoFrio being touted as next NZX takeover target
Seems Mike Daniel wants out
https://businessdesk.co.nz/article/m...akeover-target
Prob paywall
AFo/WDT was the child of Ray Thompson who championed it in the mid 1980's , so far despite it checkered history and massive financial support from instos, family and diehard share holders it doesnt seen to have cracked it despite its business model and perseverance , so is there someone out there that knows better than history. ( Ive been on board since the mid 90's as I knew Ray.) and wait with much interest along with the poor suffering S Hers. !!
That Mike Daniel pretty good at getting media to start speculating about takeovers ……put a rocket under AOF today
SP has been a rollercoaster.Plenty of upside? Time will tell
https://stocknessmonster.com/charts/aof.nzx/
Did anyone log into todays headsup ?
Inspirational
Very close!
Comment removed.
Really need to crank up the IOT
"Q1 Improved Trading Performance and FY2024 Guidance Maintained"
https://stocknessmonster.com/announc...of.nzx-429947/
They're sounding quite excited
"AoFrio Annual Shareholder Meeting
May 29, 2024 Meeting Address"
http://nzx-prod-s7fsd7f98s.s3-websit...983/419788.pdf
And Jarden pops up
https://stocknessmonster.com/announc...of.nzx-430375/
I inherited some of these poorly performing shares from my father and I suspect I will be bequeathing them to my children and they can wait for the company to hit the jackpot.
Had a dabble yet W69?
Getting exciting now.Even starting to make a robust profit & utilise those tax losses
https://api.nzx.com/public/announcem...867-423160.pdf
Market cap currently the same as one quarter revenue. Not sure that means anything.
It might but not as much as the Chairman’s topping his holding up back in March.