this is a joke stock and a joke management. they havent even...

this is a joke stock and a joke management. they havent even showed what EBIT that acquisition is contributing. thats poor corporate governance. fully agree with doobsey's comments above. i dont hold AFJ and never will. its a long way from GEM's class and standard. lets hope TNK education delivers where AFJ fails.

re above poster- EPS accretion alone isnt good enough. For a roll up stock, they must disclose the EBIT multiple of their acquisitions. you can buy a 20x p/e stock with full debt, and it'll be "eps accretive". but fact is you got more debt, and used all your debt on expensive acquisitions. AFJ wont have an unlimited debt facility, as its a small cap. banks will not lend heaps yet until they can prove themselves.

To get their next facility, they will have to issue more shares, and those EPS figures will get diluted further.