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Our Readers Have Taken 800% On Amfil Technologies Inc (OTCMKTS:AMFE) Over The Last Few Months

Our Readers Have Taken 800% On Amfil Technologies Inc (OTCMKTS:AMFE) Over The Last Few Months
Written by
Chris Sandburg
Published on
August 23, 2017
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Back in February, we highlighted Amfil Technologies Inc (OTCMKTS:AMFE) as an being under the radar play that was well worth keeping an eye on. At the time, the company was trading for less than two cents a share and we suggested that operational developments pointed towards a considerable potential for revaluation throughout 2017 and beyond. When we visited the company back during early July, it had risen from the above referenced two cents a share to $0.10 apiece. That's a 400% gain in a matter of months. At that point, however, we suggested that this run, however significant, was far from exhaustive in terms of what we might see from Amfil going forward.By that point, the company had pivoted towards focusing on one of its three primary subsidiaries, a gaming and recreation type entity called Snakes & Lattes, and we suggested that this pivot was incredibly significant from a future valuation perspective.Why? Because it represents what we see as the company finding its footing and starting to operate in a way that could really add strength to core metrics.At its most recent close, Amfil went for $0.18. That's a 79% premium on last months share price and an 800% appreciation from the time of our first highlighting the stock. Even with this appreciation taken into consideration, however, we think there is still room for growth as the year matures toward its end.For those not familiar with this company, Amfil's primary focus right now is the above mentioned Snakes & Lattes subsidiary, which started out as a café type operation at which customers could play board games while they ate and drank but is now developing into a gaming entity that covers a spectrum of different operational aspects and brings with it the potential for a variety of revenue streams associated with the sector.The latest announcement from Amfil outlined the company's intentions to franchise the model throughout North America and beyond, building on the two already open units and a third that is set to open next month and that will serve as the flagship base for this franchise rollout. Right now, management is interviewing potential hires for the franchise lead role and we are looking at a near-term announcement as to who will take the job as a potential catalyst. The entire team that will be tasked with rolling out what Amfil refers to as an "aggressive" franchise rollout model should be in place by the second quarter of next year, meaning we will likely see franchisees start to come on board before the middle of 2018.In line with this rollout, Amfil is also working on a publishing effort through which it intends to release card games and board games of its own. We think this is a neat strategy because the Snakes & Lattes locations will provide a base from which the company can market any self published gaming assets free of charge and, further, it can do so to a perfect representation of the target market in the space. Again, we expect some news on the side of the operations before the end of the year, with any publication or rollout information having the potential to get the stock running as and when it hits press.Back on August 11, and is a closing note, Amfil announced that its auditors have notified the company that they expect to have fiscal year 2017 financials complete and ready for release before the extended deadline, which should see the numbers hit press at some point next month. This filing delay has weighed on Amfil's share price over the last couple months and when the numbers are finally released, this weight should lift. Outside of operational advance, therefore, there is also a risk-removal type catalyst that could bring with it a small but not-insignificant upside spike.Check out our previous coverage of this one here. We will be updating our subscribers as soon as we know more. For the latest updates on AMFE, sign up below!Image courtesy of Joanna Pędzich-Opioła via FlickDisclosure: We have no position in AMFE and have not been compensated for this article.

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