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  1. #441
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    Quote Originally Posted by tango View Post
    This is a joke right?
    With 16 shares 2 shares is about right.

    You can use your $25k to buy AFT on the market at $4

    Sure can buy some more on market but when money comes back will be competing with the other $6,000,000 returned money as well....don't know why they didn't take over subscriptions like most capital raises......

  2. #442
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    Quote Originally Posted by ziggy415 View Post
    Sure can buy some more on market but when money comes back will be competing with the other $6,000,000 returned money as well....don't know why they didn't take over subscriptions like most capital raises......
    ... Mainly because they really didn't need to take any money, to me the SPP was actually a surprise (the sell down wasn't)... this was not an emergency capitalize on a high share price capital raise "like most capital raises" of late... no need to dilute shareholders further

  3. #443
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    Quote Originally Posted by ziggy415 View Post
    Sure can buy some more on market but when money comes back will be competing with the other $6,000,000 returned money as well....don't know why they didn't take over subscriptions like most capital raises......
    TruScreen is one of the few that took oversubscriptions. Most New Zealand companies have returned the excess money from the capital raise.

  4. #444
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    Quote Originally Posted by trader_jackson View Post
    Another day, another director purchase...

    Jon Lamb buying even more shares - spending over $56k at $3.85... he now holds just under 235k shares.

    Directors certainly seem to think the share price is cheap
    Jon and David buying even more in the SPP - spending $50k each to secure more shares.

  5. #445
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    Quote Originally Posted by MarineSalvage View Post
    I'd be depressed if that was the case since I've been a big supporter for years
    Did you got any ms
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #446
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    Quote Originally Posted by trader_jackson View Post
    Jon and David buying even more in the SPP - spending $50k each to secure more shares.
    Were they scaled back along with the rest of us or did they get special treatment ?

  7. #447
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    looks like I got 223... I'm happy its not 2...
    Quote Originally Posted by winner69 View Post
    Did you got any ms

  8. #448
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    The issue has done a good job in raising awareness of AFT - and its shareprice. Well done the company and its advisers!

  9. #449
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    TJ, all selling and spp done....SP will be upward from now???

    What is the target?

  10. #450
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    Quote Originally Posted by trader_jackson View Post
    Wow, great results really, and in an uncertain environment today, AFT is forecasting underlying operating profit to rise between 23 and 58 percent.
    Taking the midpoint of that, AFT is trading on a FY21 price to underlying profit of 28 and likely to grow at 20% plus for the next few years I reckon. This combined with strong operating cash flows and a strong track record (with an operating revenue CARG of 14% over the past decade) results in AFT, even on a price to underlying profit of 28, being cheap in the mid $4. I therefore move my $5 target price forward from November to this week.

    A true growth company indeed, probably the only one on the NZX that is somewhat reasonably priced as well.
    Share price target hasn't changed - should be $5 right now.
    Hence it was fantastic buying under $4, and pretty damn good buying right now at around $4.

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