AVU - AVFM

[corky]

Thought I'd posted on this before but must have dreamt it.

AV Funds Mgt has run up from 40c to the current $1.30 in around 6 mths. It has just announced plans to merge with Prime Financial Group (and take the name) as well as buying 40% of Lateral Thinking financial planning group. The combined entity will have $3bn funds under management, admin & advice. They'd previously bought Armatage from Treasury and have ex TRG man Lee IaFrate on board. Stuart James is also a director.

Could be worth a look.

Corky.

[mark100]

Hi corky, I think you did post on them a while back.

I've been following them for a while but I'm having trouble working out their future earnings.

Last year they posted EPS of 2.4c which puts them on a historical PE of 56.

They have now announced a scrip based takeover of Prime Financial but have not provided any financials for Prime. So I'm even more in the dark!

cheers

[corky]

Mark

Have to agree that a buy now before the merger info is issued would require a leap of faith with little historical basis. I am encouraged by the continuing strength post the merger announcement though. Holding and will consider adding.

Cheers
Corky