-
02-07-2020, 02:32 PM
#441
Originally Posted by tango
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......
-
02-07-2020, 02:45 PM
#442
Originally Posted by ziggy415
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
-
02-07-2020, 03:24 PM
#443
Originally Posted by ziggy415
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.
-
03-07-2020, 09:40 AM
#444
Originally Posted by trader_jackson
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.
-
03-07-2020, 09:43 AM
#445
Originally Posted by MarineSalvage
I'd be depressed if that was the case since I've been a big supporter for years
Did you got any ms
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
03-07-2020, 09:45 AM
#446
Originally Posted by trader_jackson
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 ?
-
03-07-2020, 10:21 AM
#447
Member
looks like I got 223... I'm happy its not 2...
Originally Posted by winner69
Did you got any ms
-
03-07-2020, 10:29 AM
#448
The issue has done a good job in raising awareness of AFT - and its shareprice. Well done the company and its advisers!
-
03-07-2020, 11:01 AM
#449
TJ, all selling and spp done....SP will be upward from now???
What is the target?
-
03-07-2020, 11:08 AM
#450
Originally Posted by trader_jackson
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.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks