The latest announcement is out from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ).
AFIC has released its estimated net tangible asset (NTA) backing per share as of February 14, 2025, which stands at $8.39. The AFI share price on the Australian Securities Exchange closed at $7.41 on that day, both figures considering the provision for a 12 cents per share interim dividend due on February 25, 2025. This announcement provides investors with an insight into the company’s financial positioning, highlighting a difference between the NTA and the market price, which could influence investment decisions.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited (AFIC) is a prominent investment firm headquartered in Melbourne, Australia. The company primarily engages in managing a diversified portfolio of Australian equities, focusing on long-term capital growth and income generation for its shareholders.
Technical Sentiment Consensus Rating: Buy
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