AFT Pharmaceuticals

[Muse]

Striping out the licensing revenue the operating profit will increase another 17% to 27% for FY24. This is on the back of a 283% increase in the last 4 years (4 years since operating profit turned positive).

FY25 will see first USA sales.

A lot to like over the short term

I think the graphs on page 3 paint the story very well.
Low liquidity and might not set the world on fire in the short term but I reckon put these in the drawer and check again in 5-10 years & be pleasantly surprised.
An under the radar, under-appreciated growth company.

[Rawz]

I think the graphs on page 3 paint the story very well.
Low liquidity and might not set the world on fire in the short term but I reckon put these in the drawer and check again in 5-10 years & be pleasantly surprised.
An under the radar, under-appreciated growth company.

Yes i think this has the potential to be a very nice compounder. I bought a first lot of $2000 via sharesies this morning (free fees whoop) and will continue to buy lots until i have $10,000 invested

[Muse]

That's not true, The company has to pay NZ Company tax rate on profits, so 28% The extra cost is only 5% difference.

This divy was unimputed.

I don't think it had sufficient imputation credits to attach given it had been utilising tax losses to offset taxes payable (it was strongly loss making post IPO). At first glance it appears it has exhausted it tax losses and is back to paying tax, so the imputation credit account may start to grow again. As much of its earnings are overseas I don't expect the company will pay fully imputed dividends in the future

[trader_jackson]

Very good result from AFT, as expected really (well the Market certainly didn't expect it with a $3.30 share price just a week ago, but the very good result is no surprise to me)
Shame I can't currently buy in (deployed funds on the other company starting with A that I like as it was just far too cheap to miss) but yes I imagine $5 isn't that far away, and in reality even $10 isn't that far away.

[percy]

Very good result from AFT, as expected really (well the Market certainly didn't expect it with a $3.30 share price just a week ago, but the very good result is no surprise to me)
Shame I can't currently buy in (deployed funds on the other company starting with A that I like as it was just far too cheap to miss) but yes I imagine $5 isn't that far away, and in reality even $10 isn't that far away.

Great you posted.
$5 on the way to $10.
You must be expecting a great result from "A" on the 30th..

[Muse]

particularly after that hobson leavy acquisition

[Rawz]

Decent volume today. Up to $3.80. On its way to $5

Good stuff

[JeffW]

That's not true, The company has to pay NZ Company tax rate on profits, so 28% The extra cost is only 5% difference.

Sorry, but it is absolutely true unfortunately. No imputation credits were attached presumably because there were none to attach. But even if there were, they weren't attached, so 33% DWT is paid, not 5%

[HITMAN]

Sorry, but it is absolutely true unfortunately. No imputation credits were attached presumably because there were none to attach. But even if there were, they weren't attached, so 33% DWT is paid, not 5%

I stand corrected. Thanks

[Pegasus2000]

Got maiden dividend today, yeah!