As is TNK EVO and GEM.
As is the entire ASX.
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They key, abm, has to be that this will become a dividend payer in 2015. It plans on paying out 60%, whereas some of the other players, from memory, are 65%. Seems more 'responsible' in some ways.
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2014 has been a successful year for AFJ, in the 12 months since its float in December 2013, it has
- integrated all the initial portfolio centres.
- completed a successful rights issue allowing acquisitions.
- has made minor acquisitions along the way
- has access to 100 million in funding which it has said will be used for further acquisitions.
(in some ways, it is good it ain't drawn the lot down and gone gung-ho at any centre who gives them a phone call, slow and steadily will more likely lead to long term stability).
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Price is well down, and really, at these levels it is in 'buy' territory, before the next fundy buys a big chunk and takes it back in to the 1.20s before another fundy sells down, followed by another fundy buying.
AFJ Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
