AP Eagers AGM this Friday - reported more than a m APE reported a strong result to shareholders more than a month ago.
What is driving the price of APE & APEO up at the moment is the constant increase in shareholding by the major shareholder Mr Nick Polatis's WFM Pty. Ltd.. Currently siting on around 40% of the company.
In April newspapers ran stories speculating 'corporate activity' in APE. That is term often used to describe 'take-over' activity.
If that is the case and with NTA of $4.33/share a much higher price for both APE and APEO should be ahead. You don't buy this kind of solid and profitable business without a good premium.
<< I am punting on a strong robust profit >> yes
Earnings per share = 40.4cent up from 28.2c.
<< Great dividend paying stock >> yes
28cent per share up from 24c - 100% FF
Ap Eagers Reports this Friday!, page-2
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Last
$10.74 |
Change
-0.130(1.20%) |
Mkt cap ! $2.783B | |||
| Open | High | Low | Value | Volume |
| $10.87 | $10.90 | $10.58 | $2.988M | 278.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1996 | $10.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.74 | 494 | 6 |
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| Last trade - 12.37pm 24/06/2024 (20 minute delay) ? |
| APE (ASX) Chart |