Short-term I reckon AFG would fall but it would soon recover.
Most analysts seem to have targets on AFG of around $12.50-$13.50 not including the benefits of the QAN bid. I have read suggested targets in excess of $14 if the bid goes through as AFG will be able to increase their aircraft leasing at a faster rate than previously assumed.
So if the bid goes through I expect AFG to spike higher. If the bid doesn't go through I expect a spike lower which would be a great buying opportunity ni my view.
I actually wouldn't mind if the bid didn't succeed. I'm happy for AFG to lease aircraft but I'm not that keen on the idea of having $300m invested in a highly geared airliner.
apa bid, page-2
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Last
$1.63 |
Change
-0.045(2.69%) |
Mkt cap ! $439.9M | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.67 | $1.60 | $506.9K | 312.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10539 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 18042 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| AFG (ASX) Chart |