Forum Archive Index - May 2000

[Kausa Smith <kausa_smith@yahoo.com>]

My 2c worth...

After my broker strongly advised me to hold my AFF
shares, I did some digging. Here are what I come up
with:

NTA: 46.1
EPS: 3.19
P/E: 11.6
Div: Nil
Full year results to 30/09/1999: $6.157m (compared
with loss $72.878 in previous year)
Company action: restructuring with focus on costs
reduction
Half year results to 31/03/2000 to be announced any
day from now

Current environment -
China joint-venture: win-win business initiative (READ
AFF's contributions are in terms of retiring
equipements and technical expertise, large potential
with virtually no risk involved)

Weak Kiwi$$$: excellent condition for exporting
industry

If a strong earning growth comes out in its half year
results due out soon, AFF may resume its dividend
distribution programme

So here you have it Stuart, I'll tell you what the
Chart has to say after 2 weeks...

Cheers,
Kausa



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