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ANO, ADVANCE NANOTEK LIMITED
blacksheep
post Posted: Aug 20 2019, 01:09 PM
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In Reply To: blacksheep's post @ Aug 16 2019, 09:22 PM

This company seems to react to everything said on Hotcopper - major red flag IMHO. Their latest announcement below
ANO Price Fluctuations
The Board would like to inform the market that the last two days’ trading
fluctuations were caused by the delay in the release of the Investor
Presentation accompanying the Appendix 4E.

The Board would like to confirm that the Investor Presentation was submitted
simultaneously with the Appendix 4E.

The ASX raised a number of issues in particular, the front cover which was a
repeat of the front cover that was previously released to market in February
2019 and April 2019.

The Board is in the process of ascertaining the merits of the other queries
raised by the ASX with our Investor Presentation.


We have become aware of comments on Hot Copper today regarding the
Company’s cash position.


The Board is satisfied that the Company can meet all of its future obligations
and would like to refer our shareholders to the debt free status position of
ANO with over $10 million in net assets.



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2019, 09:22 PM
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Posts: 6,141
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In Reply To: blacksheep's post @ Aug 7 2019, 12:35 PM

QUOTE
Every time this company puts out an ann, it make me scratch my head - they seem to be fixated on what is said on HotCopper - that's a concern, IMHO. Perhaps the release of their AR next week might shed some light on how they are travelling


Indeed it did and the chart below depicts what the market reaction was. SP ended up down 29% @ $3.90/share

Sales revenue = $12.2mil Other income $671k. Inventories #3.3 mil

Net profit for FY2019 came in at $3.38 mil - a whopping tax benefit of $6.23 mil (see copy of ann dated 30/5/19 below) pushed net profit to $9.6 mil. Cash in kitty as at 30/6/19 = $352k

All a bit underwhelming for a company with a market cap of $230 mil - that's after the SP plunge today. Not long ago this stock had a SP of circa $7.00
https://www.asx.com.au/asxpdf/20190816/pdf/...k4rjt1093hp.pdf

Following hot on the heels of the FY2019 Financial results was this "ANO Investor Presentation Update August 2019" - https://www.asx.com.au/asxpdf/20190816/pdf/...k2wxc8pgbxf.pdf - consisting of 3 graphs. The 3rd graph show SP performance noting Geoff Acton's appointment is there to back up the bonus of $500k mentioned below

QUOTE
Tax Losses to be Reinstated FY19
The Board has completed its Audit Planning for FY19 with its external Auditors yesterday.
One of the issues raised by the Auditors was the current accounting treatment of ANO prior
tax losses.

Given the current worldwide regulatory awareness of the use of harmful chemicals, it
appears the FDA is progressively banning particular chemicals, as supply of zinc oxide is
increasing, the demand for zinc oxide should continue to grow for a number of years. In light
of this, the Board accepts the issue raised by the Auditors, that it is very likely ANO will be
profitable in future years and agree that the full amount of the tax losses should be
reinstated in FY19.

Again, we applaud some of our shareholders for foreshadowing this view based on all of the
current media and newspaper articles surrounding the banning and issues with the use of
harmful chemicals used in sunscreen.


We received an email from our tax accountants at 2:09pm today informing us that the total
tax losses to be reinstated will result in approximately $6.4 million increase in statutory
profit after tax.


The Board has resolved today that Mr. Geoff Acton will exercise his options for 2018 and
2019 early next week and shares will be issued to him and related parties. The Board
understand that the performance hurdles have been met for both financial years and the
Board thanks Mr. Acton for his performance and have allowed him to exercise the 2019
options 2 months early. The Board will remunerate Mr. Acton with a bonus that reflects the
exercise price of the options and this will impact the 2019 result by approximately $500,000,
reducing the net increase in statutory profit to $5.9 million and estimated total profit after
tax for FY19 will be approximately $10.5 million.


Still scratching my head over this one - the tone of their anns and the lack of detail
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 7 2019, 01:53 PM
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In Reply To: blacksheep's post @ Aug 7 2019, 12:35 PM

Very hard to dive down into ANO's statements because they don't do Quarterly's. Back in July last year they were exempted from quarterly reporting obligations. One can only rely on infrequent updates - which like yesterdays ann - are extremely "brief".

27 July 2018
QUOTE
ANO Released from Appendix 4C Obligations
Advance NanoTek Limited has been informed by the ASX that based on its continued strong
operating performances, it is no longer required to meet the Appendix 4C cash flow
quarterly reporting obligations.


The Appendix 4C released yesterday will be the last ANO 4C announced unless the ASX
decides otherwise at some future date.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 7 2019, 12:35 PM
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Posts: 6,141
Thanks: 2194


In Reply To: blacksheep's post @ Mar 14 2019, 01:21 PM

Every time this company puts out an ann, it make me scratch my head - they seem to be fixated on what is said on HotCopper - that's a concern, IMHO. Perhaps the release of their AR next week might shed some light on how they are travelling

6 August 2019 ANO Update
QUOTE
The Board advises that the Annual Report and related Appendix 4E and
Appendix 4G should be released to market next week.

The Board is pleased to advise that the current FY20 first quarter sales orders
up until today are 400% of the sales orders for the same corresponding period
for quarter one FY19.

The Board cannot explain the reason for the current share price decline.


12 July 2019 ANO Formal Price Query Response
QUOTE
ANO has received a Price Query from the ASX at 12:10 pm, regarding share
activity in ANO. The share price fluctuations were the results of turnover of
less than 1.3% on the total number of shares on issue over the past week.

The Board of ANO are not aware of any circumstances leading to the change in
the price of ANO’s securities. The Board is not aware of any information given
by investment groups or on social media platforms, but for some comments
about selling by Directors on Hot Copper, relating to the ANO share price
decrease
. There has been no trading involving any entities of any of the
Directors or Officers as we are currently in a blackout period. ANO confirms we
are complying with the Listing Rules, in particular, Listing Rule 3.1.

Based on unaudited management accounts, our prior announcement of 31
May 2019 is a current estimation of our anticipated result for FY19.

The number of orders on hand are in line with our prior announcement of 24
May 2019. Current production is sufficient to meet the orders and is on track
to deliver as planned.

ANO confirms that this response has gone through the required Board
approval process.


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
byebye925
post Posted: Apr 24 2019, 07:19 PM
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In Reply To: blacksheep's post @ Mar 14 2019, 01:21 PM

Much has happened sine the last post in this thread. A solid quarterly result announced, upgraded but non-specific advice around possible FY profit, new ovens installed to increase production, confirmation of forward orders in hand .............. and much bouncing around of the SP.
I am invested and await the next results announcement to see if it confirms the positivity around ANO.

 
blacksheep
post Posted: Mar 14 2019, 01:21 PM
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Posts: 6,141
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In Reply To: blacksheep's post @ Feb 26 2019, 01:11 PM

Gotta love this response to today's speeding ticket. Must say ANO's rapid rise has me scratching my head also. Prior to this ann the SP soared to $4.02 - back down to $3.67 currently

QUOTE
The share price fluctuations were the results of daily turnover of a fraction of
1% of the number of shares on issue.

The Board of ANO are not aware of any circumstances leading to the change in
the price of ANO’s securities. The Board is not aware of any information given
by investment groups or on social media platforms relating to the ANO share
price increase. There is no new agreements being negotiated and there has
been no trading involving any entities of any of the Directors or Officers. ANO
confirms we are complying with the Listing Rules, in particular, Listing Rule 3.1.
ANO’s current trading results for Q3 FY19 are in line with our previous
announcements, in particular the Investor Presentation Update dated 21
February 2019. We will provide an update on our progress at the end of the
March quarter.

On behalf of the Board, I apologise for the inability to explain the rapid
increase in our share price.

https://www.shortman.com.au/stock?q=ano
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Feb 26 2019, 01:11 PM
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In Reply To: blacksheep's post @ Feb 8 2019, 11:19 AM

Another director buying - or propping up a falling SP? Thinly traded stock - yesterdays total volume 120k, today 12k

Lev Mizikovsky buys on market 120k share value $207k through Poltick P/L of which he is a director - indirect interest
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 8 2019, 11:19 AM
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In Reply To: blacksheep's post @ Feb 7 2019, 01:00 PM

Directors change ann out - shows Geoff Acton buying 15,000 shares for total value $31,500 = $2.10/share - says change occurred today - 8th Feb - but SP didn't hit $2.10 today. Did yesterday, which suggests Acton was buying high during yesterday's spike. Propping up the SP or he thinks it's good value.

Who is the "customer"?
4 February 2019
Extension to Key Customer Agreement for 3 Years
QUOTE
The ANO Board signed an extension to a key customer supply agreement for 3 years,
until 2022, with a total contract value of a minimum of $4 million.
The Board, Management and staff express their gratitude to the customer and their
team for extending the supply agreement and continuing to place orders in excess of
the minimum contractual annual volume.
ANO will make every attempt to increase capacity to meet their growing sales
demand whilst maintaining consistently high quality product.


Who are the 3 shareholders - one appears to be Chris Silvestro, named below, former ANO director who held 1.25%. The only other large shareholders, apart from Lev Mizikovsky, are Kearney Ethical Investments/Brian Maurice Kearney 12.1%(there's a HC poster who posts under the name of kearneymaurice on ANO thread) and Acropolis Pty Ltd/Bruce Cameron with 2.39% - makes up 16%, but not sure
14 January 2019
Major Shareholder Launches Ethical Zinc Sunscreen Brand
QUOTE
Three of ANO’s shareholders who collectively own 16% of Advance NanoTek Limited,
have launched a new brand of sunscreen “Ethical Zinc” based on one of the zinc
dispersions manufactured by ANO.
Advance NanoTek Chairman, Mr Lev Mizikovsky welcomed the news. “It’s rewarding
to see valued shareholders grasp the market opportunities that our revolutionary
reef safe (harmful chemical free) products offer.”
Ethical Zinc Executive Director, Mr Chris Silvestro added “Our ultimate desire is to
play a part in the incredible growth in ZinClear sales currently being experienced to
benefit all ANO shareholders and promote the many advantages offered by zinc
oxide (in particular, ZinClear) as a superior UV protector.”


Top 20 Shareholders @ 30 June 2018
POLTICK PTY LTD 24,048,712 42.81 – Lev Mizikovsky
KEARNEY ETHICAL INVESTMENTS PTY LTD 4,734,620 8.43
MR BRIAN MAURICE KEARNEY + MRS MIRELLA UGHETTA DORICA KEARNEY 2,068,563 3.68

ACROPOLIS PTY LTD 1,340,000 2.39 - Bruce Cameron (former director ANO) http://www.advancenanotek.com/irm/PDF/1057...sInterestNotice
LEVI PTY LTD 902,620 1.61 - Lev Mizikovsky
JOMANGI ENTERPRISES PTY LIMITED 800,000 1.42 – Robert Mangioni/former director /lawyer Watson Mangioni
IFM PTY LIMITED 750,000 1.34 - Tod Stephen McGrouther
MR CHRISTOPHER SILVESTRO 700,000 1.25 https://www.asx.com.au/asxpdf/20160504/pdf/...0hmbw4x4mlv.pdf
MR BRUCE CAMERON 625,727 1.11
BANNABY INVESTMENTS PTY LIMITED 604,699 1.08
MR STEPHEN DE BELLE + MS JENNIFER SHEEHAN 603,270 1.07
MR ALAN GRAHAM ROCHFORD 599,750 1.07
MR ERIK ADRIAANSE 500,000 0.89
BANNABY INVESTMENTS PTY LTD 500,000 0.89
MELBOURNE CORPORATION OF AUSTRALIA PTY LTD 500,000 0.89 - Vanda Russell Gould
http://cyc.live.irmau.com/irm/PDF/1513_0/C...estNoticeVGould
TOWNS CORPORATION PTY LTD 500,000 0.89
MR EDWIN GIOVANNI DIAZ 469,875 0.84
MR PAUL EHRLICH + MRS LAUREN EHRLICH 430,000 0.77
MRS KAREN LESLEY CUTLACK + MR DAVID GRAEME CUTLACK 408,727 0.73
MR KEITH W KERRIDGE 400,000 0.71
41,486,563 73.85

Nice to see Lev Mizikovsky giving financial support to former Ipswich mayor, and former ANO director, Paul Pisasale who found himself in a spot of bother recently
Apart from being Chairman of ANO, Lev Mizikovsky is the founder of home builder ASX listed TAM, AIR, CLH and NSX listed SenterpriSys
https://stockhead.com.au/news/you-win-one-l...bled-h1-profit/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 7 2019, 01:00 PM
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Posts: 6,141
Thanks: 2194


In Reply To: blacksheep's post @ Feb 7 2019, 11:52 AM

Looks like it was a pump and dump. SP reached a high of $2.40 at 12:30:13 pm - currently, at 2.00 pm it's $1.86



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 7 2019, 11:52 AM
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Posts: 6,141
Thanks: 2194


In Reply To: blacksheep's post @ Jan 29 2019, 08:11 PM

Not sure why this stock is surging - up 23.2%@ $2.39 on no recent news other than ann dated 4/2/19 . Maybe another ramp on HC?
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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