The only thing you are missing is the market doesn't know about it. AND the deposits are $61m with loans of $76.6m....which means retained earning of the company are $15.6m plus cash held with RBNZ.
Total assets have grown to $76.6m from $46m this time 12 months ago.
The reverse takeover costs have been absorbed. New Ceo and board are in place. Accounting issues have been resolved. property loan book reduced to manageable levels. These were the issues hold the stock at these levels.
This is a real sleeper. If they can deliver these sort of results in NZ, they should be able to achieve multiple times this in OZ with the ASFL in place. New tech to be launched in May.
Next step in prospectus. Then a profitable annual report, followed by a road show.
This wont be at these levels for much longer. IMHO.
DYOR
The only thing you are missing is the market doesn't know about...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)