Evans Deakin Industries Limited

By Intelligent Investor · 22 Oct 1999

By Intelligent Investor ·
22 Oct 1999

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Evans Deakin Industries Limited - EDI

Current price

n/a

Price at review

$3.10 at (22 October 1999)

All Prices are in AUD ($)

Evans Deakin management have announced that they intend to combat investor disinterest by buying back 10% of the capital. Buybacks are generally good for a company's share price, plus, Evans Deakin is a potential acquirer of BHP Steel's assets now on the block. Since our last review in issue 37 (Hold - $3.45) the share price has slipped back slightly but at these prices it can be ACCUMULATED.

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.

Evans Deakin Industries Limited

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Evans Deakin Industries Limited

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