..... and 10 cents today :D ... and at good volumes too.
I have done more research. I think my 20 cent prediction for 1 year from now is VERY conservative.
Printable View
Yes, good call Vaygor1.:)
Thanks MM. Given your earlier comments on ALF, your feedback means a lot to me.
On top of that I have always enjoyed your posts (on more than just this thread of course) and appreciate your repartee very much. Keep them coming.
Thanks too MBJ. Looking forward to meeting you in November.
Announcement yesterday that ALF's debt to CAML is fully satisfied.
https://www.nzx.com/companies/ALF/announcements/256264
A rubber stamp exercise/announcement really, as this was all announced on the 4th August, but nice to see it has been ratified and that ALF no longer sits under the repayment-upon-demand cloud while this CAML debt existed.
The debt to CAML as per the last annual report and subsequent announcements was $2.6M, and CAML agreed to a settlement of $2.0M from partial sale of their NZFL holding (via AFRL) for $1M plus the $1M available via the 3-year bond extension to 30 Sept 2017.
This adds $600k to ALF's equity on the consolidated financials, or roughly 0.5 cents/share.
Also, Chairman Garry Bluett exercised 1/3 of his rights on 30 Sept to take on board 1.16 million ALF shares. With the amount that Bluett paid (2.7 cents/share) plus the amount already set aside in ALF's last audited financials for this event, means the negative impact on ALF's equity for this transaction is very low (only about $30k in total by my calcs).
In my earlier post I jumped the gun a bit in my 20 cents/share prediction in a year from now (entirely possible though, given the very conservative approach I took), which is at odds with what I actually calculated which was a share price of 25 cents/share in 3 years from now and 2 cents/share dividend payout over the same timeframe.
Still, at 8 cents closing yesterday that would equate to a dividend yield of 8.3% per annum at today's price and a share price gain of 45% per annum compounding for the next 3 years.
Of course, ALF could always retain any dividend and increase their equity instead. Fine by me.
Disc: Holding.
ALF Annual Shareholders Meeting was held late November… about 10 days ago.
This is the only news article I have found that has been published since...
http://www.stuff.co.nz/business/farm...ure-paying-off
Having freed themselves of the potential payment-to-the-crown-upon-demand 'noose', it appears they are poised for growth.
Chairman Garry Bluett said the company was looking at raising more equity. Limited capital could be raised from shareholders without the need for a prospectus.
It appears they will be seeking to do this in early 2015.
Hi MM.
90%+ of ALF's business now is bobby calves. Not too much to do with dairy unless all the dairy farmers en masse decide to up their herds by a significant amount and hence retain more bobby's…
The board stated at the Annual Shareholders Meeting in late November that they expected bobby calve numbers to increase by 17% this year, as they did last year.
I am expecting good news in their half year result out late Feb 2015, and great news 6 months after that. Hopefully a nice acquisition in the midst of it.