ALF - Allied Farmers Limited

[whatsup]

SPP announced after trading closed today but the ex date was the 25/2/19 very strange as those who bought today- possible 7 purchasers miss out on the .073 spp offer , not good imo.

[whatsup]

1/2 year profit of $1.17 mil also ann big improvement should help the SPP, where to from here ?

[blackcap]

SPP announced after trading closed today but the ex date was the 25/2/19 very strange as those who bought today- possible 7 purchasers miss out on the .073 spp offer , not good imo.

and then there is this:

HY19 RESULTS AND HALF YEAR REPORT

The Directors of Allied Farmers Limited (ALF) report an unaudited after tax
profit of $1.17 million for the six months ended 31 December 2018. As
disclosed to the market on 11 February 2019, and previously signalled at the
November 2018 Annual Meeting, the result is significantly ahead of the first
half of the 2018 financial year of $0.25 million. The Board acknowledges the
contribution of the staff in producing this excellent result.

[golden city]

Amazing result

[blackcap]

Amazing result

That is about .7 cents per share for a H/Y on a 7 cent stock. So annualising this makes a PE of 5. (That said, second half could be more or less but if it is the same as last year we are in for a bumper)

I am all in for a top up at 7.3 cents. Spoke with Mark at the AGM but he never let on that the H/Y would be this much, although at that stage may not have had that much of an idea.

Wonder if they are going to use the extra $1.5m to grow the finance side of the business?

[golden city]

I notice the meat business is going very well too sales almost double

[golden city]

Finance part as expected doing well also

[percy]

That is about .7 cents per share for a H/Y on a 7 cent stock. So annualising this makes a PE of 5. (That said, second half could be more or less but if it is the same as last year we are in for a bumper)

I am all in for a top up at 7.3 cents. Spoke with Mark at the AGM but he never let on that the H/Y would be this much, although at that stage may not have had that much of an idea.

Wonder if they are going to use the extra $1.5m to grow the finance side of the business?

Be good if they did.
Overheads and systems are already in place.

[Vaygor1]

SPP announced after trading closed today but the ex date was the 25/2/19 very strange as those who bought today- possible 7 purchasers miss out on the .073 spp offer , not good imo.

I bought today at 7.9c and pleased I did. Under SPP rules I can only get max $15k of new shares. At 7.3 cents/share = 205k shares..... not enough to maintain my current percentage of ownership.

What are the chances of me getting the balance of shares I need at under 8c/share, now with this H1 announcement?... I'm not sure but I do have more to buy yet and, for the small premium, I'd rather get what I want sooner rather than later. Hopefully the market will value them at 7.3c for the next wee while.

Net Profit after Tax up 882% on the pcp.... I was hoping for 10 x the pcp = 900% increase, but can't say I'm disappointed

My post here on 18-Feb-2019, "ALF's H1 figures (due for release this month I think) may well beat their full-year vanilla result from 6 months ago... should find out in a few days." not far off the mark if I may pat myself on the back a little bit.

[percy]

The share price is often the lowest when shareholders receive the SPP paperwork, and have to find the funds, and make their payment.
Should the share price not settle well above 8 cents I expect a great number will not bother.
With my dislike of SPPs I will most probably be one of them,well two of them, as the wife also has a holding.
The sp will need to settle above 9 cents for me to spring into action.
Maybe it will.?