AVG - I have had this on my watch-list for a while and have recently taken a position.
Solid fundamentals with regards to NTA, NPAT and P/E. The 7.5% fully franked div yield is also a plus.
The capital raising has succeeded in reducing the company's debt to optimum levels and it appears that revenues have begun to stabilize.
Moving forward, I believe that a return 42c is a realistic medium-term target with 50c plus in the not too distant future.
Most likely will see a large re-rating after the full year results are released.
M
Excellent Value Defensive and AUD Hedge
Add AVG (ASX) to my watchlist
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $49.41M | |||
| Open | High | Low | Value | Volume |
| 14.8¢ | 15.0¢ | 14.8¢ | $1.526M | 10.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 700029 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 134678 | 3 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| AVG (ASX) Chart |