I heard advertising on Radio Hauraki for the AFT public offer . Apart from the energy floats, this is quite unprecedented.
The best floats are the ones you can't get in to.
A clear warning sign for me.
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I heard advertising on Radio Hauraki for the AFT public offer . Apart from the energy floats, this is quite unprecedented.
The best floats are the ones you can't get in to.
A clear warning sign for me.
I have been scaled back a fair bit. I think they will be successful.
I'm not sure why they were advertising, because there is no public offer for a start, only broker and priority offer... (I know one of the big brokers basically got given almost no allocation).
On a separate note, on NBR I did see an article titled "the Dick Smith of pharmaceuticals" with AFT tagged in it... I hope it wasn't implying AFT, but as I don't have paid access I couldn't read further... http://www.nbr.co.nz/subscribe/182287
Anyone care to enlighten us?
AFT got a waiver for having less than 25% of its register held by the public. Looks like Joe Public didn't bite and it is mainly instos. Not sure if this is necessarily a bad thing though as I've seen this before and it is an NZ problem. I assume the NZX ignores anything related to the ASX register which may have greater public support.
https://www.nzx.com/companies/AFT/announcements/275546
What time does AFT list today on the NZX and the ASX? The listing notices never have the time which frustrates me.
Off to a good start... up around 11%, not many sellers (not surprisingly)
http://www.sharechat.co.nz/article/a...6-mln-ipo.html
Interesting article... Up almost 11% for the day, I got my full allocation, anyone know when they list on the ASX? I notice there is a checky bid on the ASX for $2.90 and a much larger one for $1. Meanwhile on the NZX Buy orders outweigh sell orders almost 3:1
Early days I know, but initial reaction is always something to be watched (I think at least).
Good to see share price holding well above IPO price, interesting was the results announcement to the market for the six month reporting period to September 30 2015 as I thought this has already been released, but was still marked as price sensitive (maybe NZX did it just in case...)
Good to see two important 'boxes ticked' for a growth company:
- Gross Profit increased 17% (with sales increasing more than costs of goods sold)
- Cash (receipts) From Customers increased 18.5% (with receipts increasing more than payments to suppliers and employees)
Let the good news continue :t_up:
https://www.nzx.com/files/attachments/230971.pdf
A great start for a newly listed company!
https://www.nzx.com/companies/AFT/announcements/279472
Probably back over $3 now! "significant boost in sales"
AFT has only been listed for just under 3 months, and they have already announced a couple of very positive announcements.
Disclosure: Happy Holder
Doesnt look like a chance, by the depth---You sure like those speculative plays TJ!
https://www.nzx.com/companies/AFT/announcements/279815
Simply stunning, one would think this sort of break through would certainly push it over $3!
I dunno tJ--Im still looking at the depth--sell 4551@285---buy 400@275
Im not surprised they got approval--its a combination of 2 of the most common ingredients around--just doesnt seem like the sort of thing to take the medical world by storm--(no reason not to use it though--Im sure it will keep selling,but I think you will need some sort of breakthrough (from the research)to really make traction.
Right now there is heaps of positivity on the NZX so if it doesnt happen today ,or soon,might be alot of waiting.
Cautiously optimistic. An initial step in what will be a long process for FDA approval in clinical application.
Here's the link to one of their trials from the US if your clinically inclined. https://clinicaltrials.gov/ct2/show/NCT02689063
It is similar to the trial which will be piloted in Christchurch
Speaking to my colleagues in the pain management field, there are still a myriad of issues concerning IV administration of NSAIDs
https://www.nzx.com/companies/AFT/announcements/282071
https://www.nzx.com/companies/AFT/announcements/282070
Solid announcements, leading up to what will hopefully be an impressive full year results announcement on Wednesday May 25 2016 (around 9am)
The big question is just how much dosh they are churning through with the research,and whether they are coming up with anything--I wonder if they would not be better off just promoting their established product(but whats the difference between just taking 1/2 tab of ibuprofen and 1/2 of paracetimal (i did the spell check on the misspelling of para and it told me ''malpractice'' --you gotta laugh sometimes)
Theres probably a big difference but Ive often wondered
I was asked by my chemist what I thought of AFT.
Told him I would find out what I could.
So 96,834,838 shares on issue,giving at $2.95 a market capitalisation of $285,662,772.
Half year to 30th September 2015;
Revenue $29,543,000
Nett loss $6,367,000.
Next report due 25th May .
Conculsion.The market is factoring in a lot of "blue skies".Be careful.