AVJ 1.64% 30.0¢ avjennings limited

hi guys ive just noticed that IOOF holdings have been a massive...

  1. 6,881 Posts.
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    hi guys ive just noticed that IOOF holdings have been a massive seller of AVJ during the last few months, anyone know why they were selling?
    would love to know why, its unusual selling a stock that's trading so far below its book value.
    I guess once the stop selling should see AVJ head back up?
    anyone know when IOOF will stop selling its AVJ stake?

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    Ive also been researching the long term stock price, its basically treaded water since 1994, which is the most I can go back to, it was around 58c in 1994, it shot up to around $2.40 before the 2008 GFC though.

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    Also AVJ dividends have NOT been as steady as people think, sure for the last 3 yrs divvies have been increased from 2c than 4c and now 5c/share, but before 2013 some yrs they didn't pay a divvy at all or it was a mere half a cent divvy.
    Maybe investors still are not convinced AVJ will continue to grow or maintain their divvy in the yrs to come.
    Which is why we are trading at such a massive discount to our NTA.
 
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Last
30.0¢
Change
-0.005(1.64%)
Mkt cap ! $167.4M
Open High Low Value Volume
30.0¢ 30.0¢ 30.0¢ $33.11K 110.3K

Buyers (Bids)

No. Vol. Price($)
2 24827 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 22917 2
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Last trade - 10.40am 20/11/2024 (20 minute delay) ?
AVJ (ASX) Chart
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