AEF is going backwards. In the last 12 months, NPAT has fallen as FUM has gone up (quite significantly).
They are starting to look very expensive on a P/E basis.
A heavy risk now that they are going to tread water for some time as earnings eventually catches up.
It is heavy test of how long term one's horizon is right now.
Gosouth
AEF Price at posting:
$130.99 Sentiment: None Disclosure: Held
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