Neil has a massive task going forward and I think personally solar
has proved to be a dead loss for AFT, under existing poor business operational
planning...just ask Surplus King..
I guess we need to look at a success story in the industry and maybe take
some license as to how it would look as a listed entity..
True Value started around 2009 and now installs around 10,000 units per
annum with a net EBIT of around $40mill. per annum. AFT installed 40units
last year ..big difference.
If we assume that TVS was worth around 10 times earnings then the
business could be worth around say..$400mill.If we allocate the same
number of shares on issue as AFT..8.5bill...then TVS could have a
value of around 5c/share.So where does this leave AFT as a solar contender?
Nowhere at the moment ..as even for AFT to get to around 0.005c/share..
based on TVS analogy..then EBIT would have to be around $4-5mill
which would probably mean a turnover of around $50mill.
As Stone has had no success in attracting "lender"" investor interest
over the past 3 years there is nothing to suggest he is going to have
any success over the next 12 mths with the business still in decline
and same flawed business plan in place ie regional strategy??
Let's hope Neil can clean out the old way of thinking and at least
give potential Finance investors a reason to invest in the Company...
maybe with a more investor friendly industry focus
Cheers
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