Background to...

Background to AVV:

http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=105855#291451

Extract:
"Assuming that we have a reasonable economy, we may expect a 45% rise in earnings to $15.89 mill or E/S= 19.26 cents with a P/E of 10.85, say 11.

As to dividends, last year's dividend was 6.5 cents; possibly 8.5 cents this year?".

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Another quality stock IMHO. Was sitting on $27 mill cash at the beginning of the year and would most likely use it for another takeover.

Financial year closes 31 Dec.

At the current price of $2.25, the guided forecasted P/E=11.7.

This stock deserves better than that IMHO.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.