AVJ avjennings limited

I think AVJ report today, could be a good day for holders. I'm...

  1. 2,317 Posts.
    I think AVJ report today, could be a good day for holders. I'm not in but will see how the outlook reads because the past 6 months have been very solid and could be part of a major turnaround if you believe in the industry. 1stH profit before tax (PBT)was $17M advised back in Feb. If they met guidance which the upgraded twice then the full year PBT will be $47M and means the 2ndH PBT was $30M was is almost the double that of the first. Working on a 30% tax rate it puts them on a PE of 7.5 against the industry standard which is almost double that. I know they are investing for the future but i think they will need to pay a divvy in excess of 1 cent to get the market really excited.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.