How to buy Monash Absolute Investment Company shares | A$1.19

Monash Absolute Investment Company Limited is an asset management business based in Australia. Monash Absolute Investment Company shares (MA1) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.19 – an increase of 1.71% over the previous week. Monash Absolute Investment Company has a trailing 12-month revenue of around $5.4 million.

How to buy shares in Monash Absolute Investment Company

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 Monash Absolute Investment Company . Find the share by name or ticker symbol: MA1. 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 Monash Absolute Investment Company 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 $1.19, 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 Monash Absolute Investment Company . 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 Monash Absolute Investment Company 's share price?

Since the stock market crash in March caused by coronavirus, Monash Absolute Investment Company 's share price has had significant positive movement.

Its last market close was $1.19, which is 13.87% up on its pre-crash value of $1.025 and 81.68% up on the lowest point reached during the March crash when the shares fell as low as $0.655.

If you had bought $1,000 worth of Monash Absolute Investment Company shares at the start of February 2020, those shares would have been worth $665.02 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 $1,172.41.

Monash Absolute Investment Company share price

Use our graph to track the performance of MA1 stocks over time.

Monash Absolute Investment Company shares at a glance

• Key figures

Information last updated 2020-10-21.

Latest market close	AUDA$1.19
52-week range	AUDA$0.655 - AUDA$1.19
50-day moving average	AUDA$1.1106
200-day moving average	AUDA$1.028
Target price	N/A
PE ratio	23.4
Dividend yield	AUDA$0.01 (0.85%)
Earnings per share (TTM)	AUDA$0.048

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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 Monash Absolute Investment Company 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 Monash Absolute Investment Company Limited by TradingView

Monash Absolute Investment Company price performance over time

Historical closes compared with the close of A$1.19 on 2020-10-22

1 week (2020-10-15)	1.71%
1 month (2020-09-22)	10.19%
3 months (2020-07-22)	20.81%
6 months (2020-04-22)	40.83%

1 year (2019-10-22)	24.61%
2 years (2018-10-22)	45.12%
3 years (2017-10-20)	40.00%
5 years (2015-10-18)	N/A

Is Monash Absolute Investment Company under- or over-valued?

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

Monash Absolute Investment Company 's P/E ratio

Monash Absolute Investment Company 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 23x. In other words, Monash Absolute Investment Company shares trade at around 23x 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.

Monash Absolute Investment Company financials

Revenue TTM	$5.4 million
Operating margin TTM	59.21%
Gross profit TTM	$5.4 million
Return on assets TTM	3.74%
Return on equity TTM	4.46%
Profit margin	39.76%
Book value	1.083
Market capitalisation	$52.9 million

TTM: trailing 12 months

Monash Absolute Investment Company share dividends

Dividend payout ratio: 20% of net profits

Recently Monash Absolute Investment Company has paid out, on average, around 20% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.85% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Monash Absolute Investment Company shareholders could enjoy a 0.85% return on their shares, in the form of dividend payments. In Monash Absolute Investment Company 's case, that would currently equate to about A$0.01 per share.

While Monash Absolute Investment Company 's payout ratio might seem low, this can signify that Monash Absolute Investment Company is investing more in its future growth.

The latest dividend was paid out to all shareholders who bought their shares by 21 September 2020 (the "ex-dividend date").

Monash Absolute Investment Company share price volatility

Over the last 12 months, Monash Absolute Investment Company 's shares have ranged in value from as little as $0.655 up to $1.19. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Monash Absolute Investment Company 's is 0.8256. This would suggest that Monash Absolute Investment Company 's shares are less volatile than average (for this exchange).

Monash Absolute Investment Company overview

Monash Absolute Investment Company Limited is a listed investment company launched and managed by Monash Investors Pty Limited. It invests in public equity markets across Australia. It invests in the growth and value stocks of small-cap companies. Monash Absolute Investment Company Limited is domiciled in Australia.

Frequently asked questions

• What percentage of Monash Absolute Investment Company is owned by insiders or institutions?

  Currently 22.033% of Monash Absolute Investment Company shares are held by insiders and 38.56% by institutions.

• When does the fiscal year end for Monash Absolute Investment Company ?

  Monash Absolute Investment Company 's fiscal year ends in June.

• Where is Monash Absolute Investment Company based?

  Monash Absolute Investment Company 's address is: Level 5, Sydney, NSW, Australia, 2000

• What is Monash Absolute Investment Company 's ISIN number?

  Monash Absolute Investment Company 's international securities identification number is: AU000000MA12