AVJennings Ltd released the market update for FY 18


FY 18 PBT will be down: AVJennings Ltd.’s (ASX: AVJ) stock fell 1.45% on August 06, 2018 (before market close) after the company released an update on its unaudited financial result for FY18. AMC expects that for FY18, Profit Before Tax (PBT) will be approximately $45 million, which will be less than PBT of $51 million in FY 17. The FY18 result will exclude a positive PBT contribution of approximately $6.1m.

[optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

This item is related to complicated issue of revenue recognition of a stage at Arcadian Hills, Cobbitty, New South Wales. Therefore, if the revenue and profit from this stage would have been recognized, the result would have been in line with the FY17 result. However, AVJ for FY 18 expects the total dividends to be in line with FY17 at 5 cents per share. AVJ stock has fallen 4.17% in three months as on August 03, 2018 though it is trading at a P/E of 7.15x.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report