AFC - High Growth - Low p/e. (New code CAF)

[slam]

And it's off
nothing on the sell at the mo

Cheers
Slam

[clearasmud]

I'm so pleased I doubled up today at 50c. You got to love the enthusiasm of the MD

[slam]

Yes indeed, a nice ride

Cheers
Slam

[skinny]

Yes a great ride but I'm majorly bummed - had an order sitting in there at 50c and it didn't go through. Sometimes being outside the Oz trading timezone is really a pain [xx(]

[stolwyk]

From HC:

Subject re: + + data and comments + +
Posted 02/04/04 19:40 - 54 reads
Posted by stolwyk
Post #269174 - in reply to msg. #269164 - splitview

Insurance Premium Funding (IPF) is BIG business:

From "Alban", Sharetrader:
Hunter “Hunter is the largest, most experienced premium funder in Australia and New Zealand with an annual turnover well exceeding one billion dollars.” (Compare with AFC rough forecast revenue for FY 2004 of $200 million):

http://www.hpf.com.au/internet/hpf.nsf/docs/About
_________________________________

Comment: The first 6 months showed a profit of $1.23 mill.
I would rate the full year's profit at about $2.15 mill or 5.66 cents/share (38 mill shares).

At the current price, the prospective P/E= 7.2

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[Halebop]

Gerry on a closing share price of 54 cents that would be a forward PE of around 9.5 based on your profit estimate of 2.15m.

Quite undemanding giving their (potential) growth prospects and risk profile but equally probably fair value in light of their micro cap status as well.

[stolwyk]

Annual Announcement:
http://stocknessmonster.com/news-ite...E=ASX&N=267436

NPAT: $2.16 mill (My guided forecast: $2.15 mill). E/S: 5.74 cents

Final div: 1.6 cents. Total div: 3.1 cents compared wityh 2.5 cents last year.


MEDIA RELEASE re Preliminary Final Results:
http://stocknessmonster.com/news-ite...E=ASX&N=267437

[James K]

good announcement I thought (shocking timing though - great opportunity to get some press etc coverage for a small company, and they annaounce at 6-48pm AEST - I know they are WA-based, but really. Maybe they don't want the coverage?).

The comentary was pretty positive too, I thought. Other products seemed encouraging, and Hong Kong suggests further upside potential. I liked the comments about investiugating new business venture opportunities to "broaden the income base, improve scalability" - that to my untrained eye us exactly what AFC's strategic imperatives ought to be.

[silu]

I like this company and i like their announcement. Outlook seems positive and it probably only takes some media coverage to put a rocket under the shareprice.

I have increased my holding today and maybe will continue to buy if price stays level.

discl. hold AFC

[silu]

quote:Originally posted by James K

good announcement I thought (shocking timing though - great opportunity to get some press etc coverage for a small company, and they annaounce at 6-48pm AEST - I know they are WA-based, but really. Maybe they don't want the coverage?).

The shareprice is really in a slumber. Volume has picked up a bit but without any coverage it is hard to move the price. Anyway, its my biggest holding in Australia and I am sure that it AFC will reward me in the long run.

discl. hold AFC