Full year unaudited results out this morning.
Net after tax profit just over $1M up 137% . This equates to a net profit of 1 cent/share.
Big one-off gain not included in the result as the relevant transaction (which entirely wipes out ALF's debt to the crown) occurred after 30-June-2014 balance date.
Equity still shows as -$3.8M (last year -$5.5M) but this does not include NZFL worth absolute min $10M which ALF owns 67% of (at the 30-June-2014 balance date). So true equity is minimum -$3.8 +(0.67*10) = $2.9M or about 2.8 cents / share. I would suggest after this result and adding other sales yard assets, equity is more like 4 to 5 cents/share.
Total worth of ex-Hanover toxic assets left to sell is under $100k - peanuts.
Yesterday's share price close 6.4 cents. So far today 7.4 cents. I think 10 cents within the next week or three and 20 cents by this time next year.
https://www.nzx.com/companies/ALF/announcements/254646