MC: AHF $14m JAT $55m AHF is 1/4 of JAT Cash: AHF $5m. JAT$2m Management: . AHF ex the a2 milk company senior management members JAT: Chinese background team Profit: AHF : $-3m ( but management just changed) . JAT nil ( just break even) NET asset as at April 2024 : . AHF $31m ( only $0.6m intangible asset) . JAT. $6.8m ( including $5m intangible asset)
conclusion: compared with JAT, AHF is significantly undervalued, AHF’s current SP/MC is still only 40% of its tangible assets, even after the management has recently been changed. With the new management ( a2 milk company background) in charge of the business now, we expect AHF could still focus on a2 milk production and could be developed as a mid scare Aussie dairy company in next two years.
By the end of this year, AHF’s market capital will exceed JAT’s.
AHF Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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