Amalgamated Holdings
Recommendation
EVT Limited -
EVT
Buy
below 8.00
Hold
up to 11.00
Sell
above 11.00
HOLD at $8.38
Current price
$12.42 at 16:40 (28 March 2024)
Price at review
$8.38 at (09 July 2013)
Max Portfolio Weighting
6%
Business Risk
Medium-Low
Share Price Risk
Medium
All Prices are in AUD ($)
Since Buying AHD on the QT from 19 Jun 13 (Buy – $7.80) Amalgamated Holdings’ share price has leapt 9% pushing it well beyond the relevant price guide. We expect this business to tick along nicely over the next few years underpinned by its property portfolio but don’t encourage chasing the price up from here, and as such we’re switching to HOLD.
Note: The model Income Portfolio owns shares in Amalgamated Holdings.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
EVT Limited -
EVT
Buy
below 8.00
Hold
up to 11.00
Sell
above 11.00
HOLD at $8.38
Current price
$12.42 at 16:40 (28 March 2024)
Price at review
$8.38 at (09 July 2013)
Max Portfolio Weighting
6%
Business Risk
Medium-Low
Share Price Risk
Medium
All Prices are in AUD ($)
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