ASX:AFICapital Markets
Will AFIC’s Buy-Back and NTA Gap Change Australian Foundation Investment's (ASX:AFI) Narrative?
Australian Foundation Investment Company Limited recently reported further progress on its on-market buy-back program and released an updated estimated pre-tax net tangible asset backing of A$7.96 per share as at 3 July 2026, compared with a closing share price of A$6.88.
By buying back shares while disclosing that its pre-tax NTA per share sits above the market price, AFIC is highlighting the gap between its underlying portfolio value and how the company is currently being valued by...