AustBrokers still going strong - New Price Target of $11.80

Still can't believe why Austbrokers (AUB.AX) is neglected by investors. Great final year results (increases in dividends, revenues and profits) and the initial response on the shareprice is to sell???

Sanity prevailed at the end of the session though, when the shareprice went back up to $11.05 (around a 0.35% gain for the day) I still think the price is under what it should be however. According to the offered growth predictions of between 5-10%, I think the price should be around $11.80 (so I think it is trading at a 6% discount or so at the moment). Maybe it is the miniscule dividend yield of 3.2% that is scaring people away. But always remember that a dollar of dividend is exactly the same as a dollar of capital gain.

Anyway, the usual disclaimer applies (Not a recommendation to invest/not invest in Austbrokers. Please talk to your financial advisors etc)

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