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
$10.13 |
Change
0.020(0.20%) |
Mkt cap ! $2.620B | |||
| Open | High | Low | Value | Volume |
| $10.09 | $10.16 | $9.92 | $12.21M | 1.214M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1390 | $10.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.14 | 2231 | 2 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$10.09 |
Change
0.020 ( 0.31 %) |
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| Open | High | Low | Volume | ||
| $10.10 | $10.15 | $9.92 | 131253 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| APE (ASX) Chart |