AVJ 1.64% 30.0¢ avjennings limited

price equals book

  1. 752 Posts.
    Well, by my calculations, the Price per Share equals the book price* as of today:

    ANNOUNCEMENT: AVJennings Annouces Joint Venture with Macquarie Real Estate Equity Funds

    AV Jennings are expecting to make a profit of $7,000,000 on the establishment of the Joint Venture PLUS a proportion of the development profits PLUS ongoing fees

    And the price has only rise by 7 cents following the annoucement this morning ... perhaps not to the $2+ it was trading at in 2004 ... but surely a lot higher than it is now when people see that Macquarie are involved


    *According to CommSec the P/E was 0.94 last Friday
 
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30.0¢ 30.0¢ 30.0¢ $33.11K 110.3K

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2 24827 30.0¢
 

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31.0¢ 22917 2
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