Average today is 9.0c+. Freehold has prediced that 9.0c may become the latest support level. A possible excuse for speeding is the expectation of an approved finance deal. If as AVB attests that there are no leaks and we have a maximum of 8 weeks for a finance announcement then if todays action is anything to go by, Freeholds short term high of 13.5c would seem very achievable.
Most have proposed that bigger investors will be waiting until after the finance announcement. That makes sense. But what explains the latest surge? With 8 weeks to go, you would have thought that the heat would have started closer to the end of the quarter, not 5 weeks in.
We all agree that AVB is undervalued but I would have expected the revaluation to come more gradually and generally after each new announcement update.
IMO it's a combination of expected finance announcement and revaluation. I also think that the size of the investors is increasing.
Three chears for the AFR, Pip Pip Horaaay!!
AVB Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
