I see this capital raising as a very big step in the right direction.
It should have been done 12 months ago but better late than never...
With a positive outlook in wine sales, wine glut under control, AUD depreciating, Interest repayments decreasing and vinyard leases 30% lower.
All these pointing to higher profits and a brighter future.
Institutions didn't look at AVG due to high level of debt and low share volumes. This raising will solve those problems and i believe the company will be on peoples radar again post raising and the share price will go up and up.
A similar story to FNP post raising a year ago.
AVG is a much better investment than TWE and with a PE ratio of 8 is a steal.
capital raising and positive outlook
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.78M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $222.2K | 1.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 479693 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 55000 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AVG (ASX) Chart |