The NZSA Auckland Branch company visit to AOF's premises in Appollo Drive, North Shore, earlier in the week was quite well attended, and I noticed Oliver was one attendee on that occasion. These are always enlightening and you usually get an in-person presentation from the CEO and CFO as on this occasion which guides understanding better than just a slideshow or simple read of material in my opinion.
They were commendably upfront in a recent NZX announcement about the risk of breaching one banking covenant, but I inferred that actually isn't a problem currently and I very much doubt it would be apt to attempt a capital raise given the current share price and understood that it isn't under consideration - if that helps?
And I did suggest a 1 for 10 share consolidation but that isn't a priority just now. I was told they had a share register cleanout of around 1800 holders that didn't reach the marketable parcel value threshold a year or so ago.
Quite proud this is a NZ company, even though its manufacturing base is offshore - Vietnam and Mexico mostly.
I don't know how to rename/retitle this thread this thread but that should be someones objective.
AFo/WDT was the child of Ray Thompson who championed it in the mid 1980's , so far despite it checkered history and massive financial support from instos, family and diehard share holders it doesnt seen to have cracked it despite its business model and perseverance , so is there someone out there that knows better than history. ( Ive been on board since the mid 90's as I knew Ray.) and wait with much interest along with the poor suffering S Hers. !!
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Originally Posted by winner69
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