I feel now debt has been paid down to more reasonable levels and outlook looking alot better AVG should get more interest in the market. Now with a market capitalisation of almost $107,000,000 it should get into an ASX index making fund managers have to hold it in portfolios generating more buying in the stock.
Compared to TWE AVG has a very low PE ratio and with a free trade agreement with China in place AVG should capitalise off the back of an Abbott government.
Half year result and next full year result will be a big uplift on the previous with interest saving, AUD weaker than last year and vinyard lease savings.
I believe in 12 months time AVG will be trading around 70 cents or above.
DYOR
AVG Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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