AFT Pharmaceuticals

[ronaldson]

https://www.nzx.com/announcements/421994

Having this excellent product approved for the China market is a significant achievement.

Yes, I believe so too. Pharmaceutical products are a highly regulated environment everywhere, and especially US and China which are the numbers 1 and 2 markets.

No launch until 2024 and rather unusually the announcement doesnt distinguish between early, mid or late in that calendar year, so revenue generation from this approval is not immediate but nevertheless yet another incremental step forward for AFT. A bit surprising the market is not a bit more understanding but, like the coalition agreement, we will all be better informed as to how it is to be in future by the end of this week.

[ronaldson]

Nobody has commented upon today's HY24 result announcement, which I thought was quite promising albeit dependent upon 2nd HY outcome being as predicted.

And FY25 should really post some solid revenue figures at $200m+. Board confirm intention to continue to pay a dividend next year once the FY24 result is finalised, and there should be enough left to pay down debt further.

The hard yards have been run here, and AFT is reaching cruising speed!

[ronaldson]

Market reaction to the HY24 result announcement has been subdued and buy-side support is very weak currently.

Obviously we will need to await a trading update in 2024 before things move on from here.

[percy]

AFT poised to accelerate momentum in 2024
https://www.nzx.com/announcements/424487

[ronaldson]

I have started to top up at $3.31 ahead of the half year result announcement on 23 November.

This company is obviously making incremental progress in what can be a complex regulatory environment for pharmacuetical products. I am even moved to wonder if they will declare an interim dividend this time notwithstanding they have been somewhat parsimonious towards holders in the past.

Likely $3.31 will not be seen again for a while now. I did more than double my holding when I posted but still only a small holder. Patience will be rewarded here!

[winner69]

AFT be 4 bucks in next day or two

Then start heading to 5 bucks plus ……where it once was and should be now

[winner69]

Price sensitive ann on ASX today …..Maxigesic IV launched into US

[percy]

Price sensitive ann on ASX today …..Maxigesic IV launched into US

Thanks for alerting us W69.
Excellent news.
https://cdn-api.markitdigital.com/ap...9577-2A1503253

[ronaldson]

Another share price boost today although it takes time for the buy-side depth to build after each NZX announcement is made.

I see very limited downside here. This stock had a "pop and flop" reputation on this forum not that long ago and provided trading opportunities accordingly, but the business is consolidating all the time now and if the Board resume dividend payments, as is the stated intention all going well which certainly seems to be the case, the shareprice will be further underpinned.

Should be in any local share portfolio in my view.

[winner69]

Maxigesic to appear on NZ Warriors shorts

Up the Wahs