AAV is the bargain stock on the ASX !! This isn't a ramp, just based on pure fundamentals - at $1.98 market cap of $160 million with net profit of upto $20 million for 2004 calender year = PE of just 8 !!! with dividends!! Comsec has one broker cover the stock and their forecasts are very conservative :
FORECAST EARNINGS Last Analyst Update
19 March, 2004
EPS(c) PE Growth
Year Ending 30-12-04 PE of 9.7 growth of 36.6%
Year Ending 30-12-05 PE of 8.1 growth of 19.0%
I expect earning per share of greater then 25 cents - remember this is the BIGGEST DUPLICATOR of DVD's in AUSTRALASIA !! and STAGING CONNECTIONS profits to be included in results for 2004 !!
AVV
aav limited
