How to buy Absolute Equity Performance Fund shares | A$1.34

Absolute Equity Performance Fund Limited is an asset management business based in Australia. Absolute Equity Performance Fund shares (AEG) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.34 – a decrease of 1.11% over the previous week. and has a market cap (total outstanding shares value) of $124.3 million.

How to buy shares in Absolute Equity Performance Fund

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Absolute Equity Performance Fund. Find the share by name or ticker symbol: AEG. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Absolute Equity Performance Fund reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $1.34, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Absolute Equity Performance Fund. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Absolute Equity Performance Fund's share price?

Since the stock market crash in March caused by coronavirus, Absolute Equity Performance Fund's share price has had significant positive movement.

Its last market close was $1.34, which is 0.75% up on its pre-crash value of $1.33 and 45.65% up on the lowest point reached during the March crash when the shares fell as low as $0.92.

If you had bought $1,000 worth of Absolute Equity Performance Fund shares at the start of February 2020, those shares would have been worth $843.75 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,196.43.

Absolute Equity Performance Fund share price

Use our graph to track the performance of AEG stocks over time.

Absolute Equity Performance Fund shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$1.34
52-week range	AUDA$0.92 - AUDA$1.38
50-day moving average	AUDA$1.3365
200-day moving average	AUDA$1.2057
Target price	N/A
PE ratio	5.5284
Dividend yield	AUDA$0.05 (3.84%)
Earnings per share (TTM)	AUDA$-0.016

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Absolute Equity Performance Fund stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Absolute Equity Performance Fund Limited by TradingView

Absolute Equity Performance Fund price performance over time

Historical closes compared with the close of A$1.34 on 2020-10-22

1 week (2020-10-22)	0%
1 month (2020-10-01)	0%
3 months (2020-07-31)	1.52%
6 months (2020-05-01)	9.84%

1 year (2019-10-31)	36.73%
2 years (2018-10-31)	17.54%
3 years (2017-10-31)	21.82%
5 years (2015-10-28)	N/A

Is Absolute Equity Performance Fund under- or over-valued?

Valuing Absolute Equity Performance Fund stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Absolute Equity Performance Fund's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Absolute Equity Performance Fund's P/E ratio

Absolute Equity Performance Fund's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Absolute Equity Performance Fund shares trade at around 6x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Absolute Equity Performance Fund financials

Gross profit TTM	$0
Return on assets TTM	0%
Return on equity TTM	0%
Profit margin	0%
Book value	0.043
Market capitalisation	$124.3 million

TTM: trailing 12 months

Absolute Equity Performance Fund share dividends

Dividend payout ratio: 31.88% of net profits

Recently Absolute Equity Performance Fund has paid out, on average, around 31.88% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.84% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Absolute Equity Performance Fund shareholders could enjoy a 3.84% return on their shares, in the form of dividend payments. In Absolute Equity Performance Fund's case, that would currently equate to about A$0.05 per share.

While Absolute Equity Performance Fund's payout ratio might seem fairly standard, it's worth remembering that Absolute Equity Performance Fund may be investing much of the rest of its net profits in future growth.

The latest dividend was paid out to all shareholders who bought their shares by 27 August 2020 (the "ex-dividend date").

Absolute Equity Performance Fund overview

Absolute Equity Performance Fund Limited is an equity mutual fund launched and managed by Bennelong Long Short Equity Management Pty Limited. It invests in the public equity markets of Australia. The fund employs fundamental analysis and uses fundamental research to select securities and generate return. It invests in stocks of companies operating across the diversified sectors. Absolute Equity Performance Fund Limited was founded in November, 2015 and is domiciled in Australia.

Frequently asked questions

• What percentage of Absolute Equity Performance Fund is owned by insiders or institutions?

  Currently 12.052% of Absolute Equity Performance Fund shares are held by insiders and 0.512% by institutions.

• When does the fiscal year end for Absolute Equity Performance Fund?

  Absolute Equity Performance Fund's fiscal year ends in June.

• Where is Absolute Equity Performance Fund based?

  Absolute Equity Performance Fund's address is: , Australia