AOV - Amotiv Limited

[Dona Ferentes]

It's going to take a while to get used to the new name

 

[finicky]

This is still within the downtrend channel that DrBourse mapped out but basically doing ok after today's predicted mildly positive FY24 report.

I only hold 500 shares anyway and it's done pretty much what I bought it for - a 4% franked dividend, no capital loss so far and a stake for future improvement in a meat (tofu) 'n' potatoes stock.

Held
Holding

DAILY

 

[finicky]

AUTOMOTIV holdings (AOV), son of the old GUD, jumped 10% today. The AGM addresses and attendant announcements must have appealed to some. Haven't read them. Not out of trouble yet though from a longer term chart viewpoint.

Held
Holding

DAILY 6 months

 

[finicky]

Ok, 'Market Matters' clears up the reason for the 10% jump yesterday:

• Amotiv (AOV) +10.2%: The auto parts maker soared after announcing an on-market buyback of up to 7 million shares, or 5% of its outstanding share capital.

 

[finicky]

• Amotiv Rated New Outperform at RBC; PT A$14

The group of 'refusal' tails on the candles of the monthly chart make me a little optimistic that this broker call might have something in it. Also there was that recent mildly positive reception of the AGM addresses. Not that I'm acting on these. Prefer cash to most stocks lately, just my gloomy distant outlook and I tend to err on the side of negativity.

Held
Holding

MONTHLY 10 Years