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An update from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) is now available.
Australian Foundation Investment Company Limited has announced a corrected estimate of its Net Tangible Asset (NTA) backing per share as of June 13, 2025, which is now $8.29 per share. This figure is indicative and unaudited, reflecting the market value of investments before tax provisions. The announcement highlights a discrepancy between the NTA and the company’s share price, which closed at $7.38 on the ASX, potentially impacting investor perceptions and market positioning.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited (AFIC) operates in the investment industry, focusing on providing shareholders with investment opportunities primarily in Australian equities. The company aims to deliver capital growth and income over the long term through a diversified portfolio of investments.
YTD Price Performance: 1.21%
Average Trading Volume: 528,114
Technical Sentiment Signal: Strong Buy
See more insights into AFI stock on TipRanks’ Stock Analysis page.