Patience K.
A few years ago AVM was just an investment. Now its worth more than my mortgage.
I'm not going to sell because
* its sitting on a current PE somewhere around 3.
* its got broker buy ratings 70% above where it is now
* all indications are its sitting on a monster resource to be announced in September
* They're going to start another operation next year
* When they've finished defining this resource they'll go back to the ones they were going to look at before
* Most people are picking this boom is going to last a decade - with the usual gyrations
Most resource companies are in the same boat (Low PE ratios) In a year or so Joe Public is going to get used to the idea that medium size resource companies are a good investment return not just for capital growth but for dividends as well - about the time Anvil announces a maiden dividend.
The AVM share price has been trending upwards (with hickups) for four years. I reckon the charts going to look its best over the coming year.
Stu
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Last
2.9¢ |
Change
0.003(11.5%) |
Mkt cap ! $3.927M |
Open | High | Low | Value | Volume |
2.5¢ | 2.9¢ | 2.4¢ | $36.69K | 1.440M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25692 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 51842 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25692 | 0.027 |
2 | 349950 | 0.026 |
2 | 149920 | 0.025 |
2 | 241666 | 0.024 |
1 | 500000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 51842 | 1 |
0.030 | 102637 | 2 |
0.032 | 65069 | 1 |
0.034 | 240000 | 1 |
0.037 | 10500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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