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0.74%

$1.35 australian pharmaceutical industries limited

Bought a few more today at $1.47. Waiting for results dividend...

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Nightmarez3k

4,987 Posts.

139

04/09/17

22:05

Post #: 26991738
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Originally posted by Al25 ↑

I think API is quite cheap now. With the no debt by year end and a P/E ratio of slightly above 13, relatively low for the industry, I can't see it drifting to the 1.4 mark but then again stranger things have happened. If I'm going by logic I see the stock sitting at the higher 1.5's by the end of next week.

They also have a lot of room for inorganic growth through an acquisition. Will be good to see the strategy when the end of year results come out.

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Bought a few more today at $1.47.

Waiting for results dividend as and buyback.

API Price at posting: $1.47 Sentiment: Buy Disclosure: Held
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0 Great analysis

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