AHX 1.32% 38.5¢ apiam animal health limited

Anyone out there, page-5

  1. 541 Posts.
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    Just discovered this stock...looking to take up a position. An interesting entry into the booming 'Agri' sector.

    "23:37 GMT [Dow Jones] Bell Potter starts Apiam Animal Health Ltd. (AHX.AU) at buy with a 1.57 Australian dollars ($1.18) a share price target, partly because it believes the company could be an active participant in consolidation of Australia's fragmented veterinary-care industry. The broker estimates there are 7,000 agricultural veterinarians operating in rural Australia, generating annual turnover of A$2.0 billion. Incorporated in this is a vetchem market worth A$900 million-A$1.0 billion annually, which has been growing at an annual compound rate of 7.2% over the past 30 years, Bell Potter says. "We estimate Apiam has less than 1% share of the veterinary market and 8% of the vetchem market," the broker says. "Apiam is likely to act as a consolidator of the veterinary sector leveraging the benefit of scale in its sales and distribution platform as newly acquired business are integrated into its network." AHX last traded at A$1.34. ([email protected]; @dwinningWSJ)"

    DYOR.
 
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Last
38.5¢
Change
0.005(1.32%)
Mkt cap ! $83.46M
Open High Low Value Volume
39.0¢ 39.0¢ 38.0¢ $2.961K 7.695K

Buyers (Bids)

No. Vol. Price($)
1 40158 38.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.0¢ 3500 1
View Market Depth
Last trade - 15.49pm 03/12/2024 (20 minute delay) ?
AHX (ASX) Chart
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