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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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.
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
:D
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
With little cash reserve they only can afford a very small acqusition
Better stay away from acqusition and growing organically to be safe and pay higher dividends
Any one In agm today