The last sentence from Teele says it all: while discount/premium to NTA varies, the SP - on average - moves in accordance with the performance of the company's assets.
Likewise as I have learnt from the writings of the great Jack Bogle (founder of the Vanguard group), P/E ratios - i.e. the amount investors are willing to spend on each dollar of earnings - wax and wane but in the long run, share prices are determined by just two factors: dividend yield and earnings growth.
(Note that if a company's P/E ratio increases from 10 to 11, this translates to a 10% increase in that company's share price!)
- Forums
- ASX - By Stock
- AFI
- why do funds underperform the index
AFI
australian foundation investment company limited
Add to My Watchlist
0.79%
!
$7.49

why do funds underperform the index, page-7
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$7.49 |
Change
-0.060(0.79%) |
Mkt cap ! $9.392B |
Open | High | Low | Value | Volume |
$7.53 | $7.53 | $7.47 | $2.014M | 268.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 20594 | $7.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.49 | 390 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1004 | 7.480 |
5 | 6312 | 7.470 |
4 | 3704 | 7.460 |
8 | 12419 | 7.450 |
2 | 3172 | 7.440 |
Price($) | Vol. | No. |
---|---|---|
7.490 | 390 | 1 |
7.500 | 13140 | 6 |
7.510 | 165 | 1 |
7.540 | 331 | 1 |
7.550 | 1510 | 1 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
Featured News
AFI (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online