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18.0¢ ashley services group limited

Ann: CFO 2017 AGM Presentation, page-13

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06/11/17

11:26

Post #: 28529643
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Originally posted by bubby ↑

Thanks CDR for your reference review. Any talk on the court case?
The AEF selling may be an opportunity to buy shares cheaply. We don't know if they will sell the lot and it is doubtful they would sell any less than these current prices (from memory they bought in around these prices?), however any selling is keeping a lid on the SP against what is otherwise a pretty good story.
We should all remind ourselves that about 60% of shares are in one hand and that 85% cover the top 20. The liquidity is low so any upside movement (just like any on the downside) should be magnified given the lack of shares other than the current AEF selling. Low p/e and less risk should auger well for the next few qtrs in my view. I still reckon a 30c price tag in the next few weeks or months is possible.

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Agree, like the fact that management hold a substantial parcel of shares, augers well for a progressive dividend policy.

ASH Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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Last 18.0¢		Change -0.010(5.26%)		Mkt cap ! $25.91M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.0¢	$0	2

Buyers (Bids)

No.	Vol.	Price($)
3	62212	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	6238	1

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No.	Vol.	Price($)
3	62212	0.180
3	219011	0.175
4	251617	0.170
2	24848	0.165
3	110000	0.160

Price($)	Vol.	No.
0.190	6238	1
0.195	90677	5
0.200	110000	3
0.210	20873	2
0.215	30000	1

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