The Company Secretary will not respond. He is MIA despite the fact that Admin + Corporate is costing >$17,500 per week according to their own financial disclosures /cash flow expenditures, etc.
Even the website hasn't been updated since the Q2 CF report was issued at end January. Even then, it wasn't posted (as if as an afterthought) until 6 February (almost a week later).
You cannot find the H17 financials or commentary anywhere on the website (of course, it points you then to the ASX). Nor, for that matter, can you find the Q3/17 CF report + "happy cows, with full bellies" commentary. But again, the only possible pointer is through to the ASX (and then try scrolling down or through the trove of reports on all gazillion companies listed out there).
On the website, the Capital Gains Tax - Cost Base Allocation has not been updated since 30/6/16. Previously, there had also been 6 monthly updates for each of 31/12/14 and 31/12/15. Indeed, for those shareholders who (due to when they are required to report their individual tax positions, etc) require the information, it has not been provided by the Company. Nor can it be found anywhere in the H17 report. Indeed, such shareholders could (in certain circumstances) be potentially precluded from being able to complete their tax return /reporting obligations unless, if they rely on the somewhat outdated /outmoded (and so, potentially, now misleading) 30/6/16 CGT base split.
The CDC page has not been updated since 15/4/16 and so therefore says nothing but absolute puff and fluff and next to no stuff.
The Farms page has similarly not been updated for some time. Indeed, it is hard to know when it was last updated. Presently, the page suggests that the dairy herd is 3197 in size, producing 15,000,000 litres of milk. Trouble is, at various times in the past, the numbers were somewhat different:
* F15 = 1,625 herd size
* H16 = 2,657 herd size.
* F16 = 3,302 herd size. 12.5M/L in milk production.
* H17 = 3,159 herd size. Forecasting 16.0 --> 16.1 --> 16.2 ---> 16.5M/L in milk production and every single forecasting variant in between.
But, as for the website, this currently states the following:
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"AHF is a vertically integrated dairy producer that owns and operates four dairies on six properties totalling 1,330 HA (3,436 Acres). The dairy farms carry approximately 3196 livestock, which includes 2,130 Milkers producing approximately 15,000,000 litres annually."
Yet, the website also says that it is current to 2017.
So, is the milk 15ML, 16ML or 16.5ML and if the former, then what's happened since --> a break out of dry gut and simply too much grass in their happy little bellies?
And as for the home page, it has not been updated since inception in 2014. Perhaps, this is not a function for Jones & Co to do. Gloss over, yes. But to update, fix and engage - no.
Yet again however, in F15, $250,000 in on-charging by TAU was put through AHF's books. In F16, this increased to $338,000. In F17, this has increased further, yet the standards have actually dipped, not improved. Not even inflation is as hyper driven as these costs have been.
As for the Camperdown website, other than several very minor bolt on's, it has not been updated since 2015 although from a stockists perspective, Woolworths has been shuffled to the end of the line, there is no reference to Aussie Farmers Direct (or whatever they might be calling themselves these days), and Lencia (perhaps however only a distributor, so therefore a driver, a van and a crate) is nowhere to be seen.
Yet, in rather dramatic circumstances, CDC have since published a post this morning referring to the 7th anniversary of the Aussie Farmers Direct and Camperdown association, connection, enterprise, being, or ?????
Equally, however, nothing has been updated to the primary Facebook site in some time and certainly, nothing in reference to any of the ASX announcements made to date in 2017.
Indeed, when measured against the Camperdown site (which is not all that flash itself, but perhaps up to Y9+ media studies' standards), the corporate facebook page should simply be put down humanely, out of final respect, not out of any beloved interest.
The Camperdown site is below yet even this provides no corporate comfort, joy, experience or connection (don't you just love all thos ehappy little, smiling cows, contented as they are with their full bellies!!!!):
===> https://www.facebook.com/camperdowndairy
So far, it seems that the ASX query which I had though last night might have come this morning has not yet arrived. Since then, the SP has fallen a further 1c (still on increased volumes when compared to all of April), with the SP now down 22% from its April end close, on 715K volume (ASX) to 12.45pm, meaning that (effectively to mid trading on 3/5/17), the ASX volume traded, MTD = 3.57M compared to the whole of April volume of 3.8M shares. That's a 94% of April volume level inside of <3 days trading so far in May.
ASX surveillance may well have wanted to wait another day but as it is, on current projections, by today's close, the MTD volume traded will exceed (by some margin) 100% of April's traded volume, with another 20 trading days yet to come.
Indeed on a cross comparison back to the last 23 trading days, to end April, a total of 5.489M shares were traded, at a daily average of ~240,000 shares per day. Yet, on present trends, this volume is set to be eclipsed before week's end.
These are the sorts of things that ASX market surveillance is interested in. they are watching and veyr likely whatever their internal trigger points might be, one would likely think that (*) >20% SP reduction within a very short time frame, on (*) 100%+ volume change (in <3 trading days) compared to the previously traded month, would get their ears tweaking.
Mind you, if ASX asks, the first that we will know about it is either as a result of the reply announcement provided by AHF before trading commences (on a relevant day), or that trading does not commence because the response has not yet been forthcoming.
In these types of circumstances, if the ASX were to query, the Company would have hours /overnight (not days) in which to respond.
Given however that they can't even update their website, publish their ASX announcements, release their strategic plan, or actually bed down previously announced land deals (>5 months), JVs (>7 months), or over in TAU land, issue a NOM and hold an EGM, >6 months after each was first announced), then how are they going to handle having to do something overnight, or potentially, within a matter of hours? Perhaps, Jones & Co are flat out running and managing TAU - not!!!
AHF Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
