McGuigan Simeon Wines Limited

By Intelligent Investor · 13 Jun 2003

By Intelligent Investor ·
13 Jun 2003

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Australian Vintage Ltd - AVG

Current price

$0.40 at 16:40 (24 April 2024)

Price at review

$3.79 at (13 June 2003)

All Prices are in AUD ($)

Despite announcing a grape crush down 13% on last year, this wine producer expects to grow earnings 25% for the full year. However, the market was expecting even greater growth, so the stock has fallen 21% since issue 116/Nov 02 (Hold for the Upside - $4.80). Despite difficult conditions, we're maintaining our HOLD FOR THE UPSIDE recommendation.

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.

McGuigan Simeon Wines Limited

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McGuigan Simeon Wines Limited

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