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16-07-2019, 11:07 AM
#1251
Member
Change is in. Share Price is now 0.75 as expected. Time to update your Portfolio views with your new share totals.
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16-07-2019, 02:14 PM
#1252
Originally Posted by NeverQuestion
Change is in. Share Price is now 0.75 as expected. Time to update your Portfolio views with your new share totals.
It kind of appears to be trading when viewing on the nzx, and the price has been adjusted to 10 x its previous, but I don't think it is trading yet NQ.
Attachment 10680
Have to wait until Thursday by the looks.
Direct Broking have correctly updated the ALF volumes held in my portfolio, but the shareprice is still sitting at 7.5 cents on their website with no trades today.
Last edited by Vaygor1; 16-07-2019 at 02:59 PM.
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28-08-2019, 11:40 AM
#1253
Annual Result out today: https://www.nzx.com/announcements/339901
A solid result and pretty close to my prediction 2 months ago here:
https://www.sharetrader.co.nz/showth...l=1#post764214
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28-08-2019, 11:49 AM
#1254
Hope you are right about the dividend amounts
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28-08-2019, 03:43 PM
#1255
Originally Posted by golden city
Hope you are right about the dividend amounts
I think there is plenty of free cashflow to pay a dividend and ALF's working capital required through this financial year's H1 will be substantially less than the amount of free cashflow they have on hand. I am guessing the holding off to announce a dividend is for the following reasons:
1) The announced dividend timing is current board policy as agreed with the 020 Bond Holders some years ago (the 030 Bonds have been fully repaid now).
2) Waiting may allow ALF to pay more of a dividend in January than would otherwise be the case.
3) Some other reason like a possible acquisition by ALF within the next few months requiring some extra capital.
I certainly like the direction the following 2 graphs are going (as per ALF's Annual Report released today):
Attachment 10741
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01-09-2019, 02:54 PM
#1256
With little cash reserve they only can afford a very small acqusition
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02-09-2019, 06:00 PM
#1257
Member
Originally Posted by golden city
With little cash reserve they only can afford a very small acqusition
Best they wait for a bit do you think?
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03-09-2019, 08:09 AM
#1258
Better stay away from acqusition and growing organically to be safe and pay higher dividends
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03-09-2019, 05:12 PM
#1259
Originally Posted by golden city
Better stay away from acqusition and growing organically to be safe and pay higher dividends
Growing is recycling capital and lowering the dividends.
Growing is borrowing money at a rate lesser than the after tax returns gained from using it.
Organic growth and acquisition are both valid means to an end, none worse than the other, just different.
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26-11-2019, 11:40 AM
#1260
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