Definitely some interest here. AZV hasn't seen this type of...

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grandcaruso

2,317 Posts.

24/02/15

16:12

Post #: 14810039
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Originally posted by Psychiatrist ↑

Robert Grey still has 18% of shares. The revenues and hence profits of the company are lumpy hence can result in headline profit numbers being misleading to the true quality of earnings. The company expenses all R and D and capital expenses such as set up factory costs. They could capitalise it and you would get a higher earnings number.
Although profit is 0.89 , look at operating cash flow which is 1.6 mill . They are investing in growth atm. bear in mind they had a take over offer at a higher price than this and since then their US revenue has grown . 8500 sites globally is a good number. I ask myself how much will it cost to set up a similar business myself ...I think it will take time and the investment will be significant.
some companies that have had similar fates been IRI (lumpy , and after a profit downgrade , got cheap , but then once all the investment pays off things take off again), similarly VOC during early stages had very poor EPS growth , due to high depreciation and amortisation charges.
AZV has some good tail winds, aged care population and assisting health care companies improve efficiency . US earnings with a falling AUD. Management with skin in the game. I will hold unless I see quality of earnings deteriorate.

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Definitely some interest here. AZV hasn't seen this type of volume since this last year. Just got to looking at financials now, don't know what to make of them will have to give a second read. That's the number that stood out in my mind 8500 sites and of course how they expense costs rather than capitalise them.

AZV Price at posting: 29.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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Add AZV (ASX) to my watchlist

Definitely some interest here. AZV hasn't seen this type of...

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