Aveo shares grow 13% in five weeks
Over the past six months Aveos share price has held at around $2.00. In the past five weeks it has grown to $2.25, or 13%, around the release of its FY14 annual results. CEO Geoff Grady is targeting $2.78, being the Net Tangible Asset value per...
Over the past six months Aveos share price has held at around $2.00. In the past five weeks it has grown to $2.25, or 13%, around the release of its FY14 annual results. CEO Geoff Grady is targeting $2.78, being the Net Tangible Asset value per share.
Aveo is believed to be close to selling its saltwater estate in Melbournes Point Cook for about $100 million to Mirvac. The 95ha site is approved to deliver 1000 building lots. The sale would release cash to reduce Aveos net debt and further three it to concentrate on retirement.
