Quite possiblly..............I've held since about 25c but just be aware that this is a dangerous investment. Raed all the latest announcements,bidders statements,target statements etc............
It is currently the subject of a ridiculous takeover at 16c by a group of companies that own 80%+ of AUN. The independent directors have recommended people not sell their shares (how could they not with market price at around 26c at the time).
I see upside for this share to 50c + and a great chart technically BUT the bidders are looking for loopholes to get themselves to the level of holding they need to make a COMPULSORY acquisition of your shares at 16c.
Judging by the way the market is pricing it the chances of this are being priced out of the share. Also be aware that there is likely to be a dilutionary rights issue whether or not the takeover goes ahead.
Ed
AUN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
