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AEF - Australian Ethical Investment

Discussion in 'Stocks 0-H' started by greggles, Oct 28, 2019.

  1. greggles

    greggles I'll be back!

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    Couldn't find a thread on AEF even though it has been around for 33 years.

    It's been a good four months for AEF having risen from $1.70 in early July to over $3 today. It currently has $3.64 billion funds under management as of 30 September 2019.

    Some of the company's more recent investments are:

    screenshot-stocknessmonster.com-2019-10-28-11-13-25.png

    Managing Director and CEO Phil Vernon resigned from the company on 31 August 2019 after nine years with the company. Under his leadership AEF funds under management increased from $600 million to over $3.4 billion. Some big shoes to fill there.

    In the short term I think AEF may have run too far too fast, but there is clearly a lot of positive sentiment around the company. Ethical investing is certainly gaining in popularity in recent times. AEF's direction in the short term will largely depend on the direction of global markets, so it may be a good bet for those will a bullish outlook.

    big.chart-AEF.gif
     
    qldfrog and Knobby22 like this.
  2. qldfrog

    qldfrog

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    Got some share a while back, we are talking 3-5 y ago but results were not impressive at the time and i went out
     
  3. qldfrog

    qldfrog

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    Based on trending /fashion, should do well and end up trading above nva based on name
     
  4. mangojoe

    mangojoe

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    [​IMG]G'day all, I'm new here and still consider myself a beginner with stocks, so bare with me. I'm just wondering what am I missing about this stock. :)

    I understand that green investing is getting more and more popular now and many Aussies may make the switch to this super fund. They had positive news with funds under management up 21% (reported in October). Dividends increased by 25%. Though these good news are not new, recent years were similar.

    Though like already said in this thread since July the stock has more than doubled with a real spurt the past weeks. PE ratio is at 64. The stock however is not making much news or getting coverage at all. But still there seems to be a hype. Are people/institutions dropping other finance stocks in favor of AEF? Is this overheating?

    I couldn't find recent analysis of the stock. It was in the news for it's super fund here though:

    https://www.smh.com.au/money/super-...r-feet-on-climate-change-20191125-p53dsw.html

    https://www.investordaily.com.au/ma...rporate-models-are-disrupting-asset-allocatio

    Analysis of April: https://www.fool.com.au/2019/04/17/...estments-share-price-is-now-up-7x-in-5-years/
     
  5. Sharkman

    Sharkman

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    i suspect that sort of rotation would be part of it. the capital has to find a home somewhere and the banks have been under the cosh lately. look at the huge runs that blue chips like CSL and WOW have been on since the start of Oct (not quite the same percentage wise as AEF, but impressive nonetheless), then superimpose the huge falls that most of the banks (except CBA) have suffered over that time.
     
    mangojoe likes this.
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