AFT Pharmaceuticals

[evilroyrule]

So that's what all the swings in the shareprice were about. I'm reassessing whether I want to remain invested in this "leaky" outfit.

couldnt agree more.

[winner69]

So after year end they come out and say profit going to be about half of what they had said a few months ... big shock.

Astounding comments from Atkinson (as reported by Businessdesk) -

"We literally didn't know until the 31st – that's why we couldn't really say anything" until after that, Atkinson told BusinessDesk.

Even up until Wednesday, "we believed we could make" the previous guidance, he said.

Do we all believe that?

And Jenny Ruth who wrote the article seems to think she can't believe all the stories that come out of AFT

[Getty]

I think I've found the problem.

https://youtu.be/dbs1luUIxCE

[winner69]

I think I've found the problem.

https://youtu.be/dbs1luUIxCE

Hows the weed department coming along

[Getty]

We're trialling the product ourselves, before we release it to market.

That may have to be delayed, because we cant keep up with internal demand.

[Getty]

Papa Surf says he feels all at sea now.

[winner69]

Can't see how AFT justifies its half billion market cap.

Share price drifted down from 3 bucks to 2 bucks in the 3 years to April 2017 and then Atkinson had a great story in the media about joining the cannabis craze.

Since then hype and even more hype about global denomination drove the share price to 5 bucks

All seems to be unwinding ..... hype punters don't believe equals share price back at 2 bucks?

Don't think Rawz will ever be seeing his 10 buck share price - he had me excited there the other day

Wonder what true believer t_j thinks?

[Getty]

One headline, why believe it?

All for freedom, and for pleasure...

https://youtu.be/0O2cowJLJm8

[trader_jackson]

Can't see how AFT justifies its half billion market cap.

Share price drifted down from 3 bucks to 2 bucks in the 3 years to April 2017 and then Atkinson had a great story in the media about joining the cannabis craze.

Since then hype and even more hype about global denomination drove the share price to 5 bucks

All seems to be unwinding ..... hype punters don't believe equals share price back at 2 bucks?

Don't think Rawz will ever be seeing his 10 buck share price - he had me excited there the other day

Wonder what true believer t_j thinks?

As previously mentioned, I sold half my holding at $5.40 August last year... recently (early Feb this year) I sold the remaining half at $4.97... (In early February I actually sold nearly all of my holdings in the sharemarket).

I am still a believer in AFT and one day would like to hold again... I still believe AFT has a strong future ahead although it was a bit surprising to see the most recent announcement about a top and bottom line downgrade... still fantastic that a growth (albeit lumpy growth) business like AFT can churn out a nice operating profit (that is similar to last years, which was well ahead of where it was a few years ago).

Edit: I was a happy holder of AFT as it returned on average 25.00%pa since I first invested in it (IPO) just over 5 years ago.

[Rawz]

Can't see how AFT justifies its half billion market cap.

I don't think it can... Although it is a healthcare/pharmaceutical stock and they trade on different multiples.

I'm still getting over the shock of the downgrade announcement. Honestly was expecting an upgrade the way the price bounced back to $5 in the days leading up to the announcement. Thought it was the usual story of insiders buying up..

The announcement was almost as disappointing as when my beloved MPG announced their dismal trading update. I sold those quick. Thinking the same here