AVV aav limited

aav buy of the year? p/e of 5?

  1. 175 Posts.
    I know I said this before at 81 cents but with todays outstanding (and surprising) result this company looks to be the most amazing buying on the ASX! At todays close of $1.08 Market cap of $73 Million with 2nd quarter Positive operating cashflow of $8.4 million! ABN Ambro's Dec 2003 forcast Profit of $8 million looks very conservative indeed - maybe an up grade to $15M + is on the cards and $20m + next year? 2003 PE of 5, 2004 PE of 3? The company also has accumulted Tax Losses of $100m - (thanks to that dog ISIS) so major Franked divdend expected come Dec this year (20 cent plus?) Be very interesting if this goes like a rocket tomorrow - Thank god I didn't trade the spike - Bought more today at $1.00 - Average entry of 86 cents....
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