AOI - Africa Oil Crop
I don't want to go through a deep analysis here but I would rather go for quick bullet-point views of why do I chose this stock.
The Market Cap is 1.1 Billion
P/E is in an attractive position on 12
their recent buyback program is the main thing that pulled my eye to have a look at this stock and came to know that they brought and canceled like 21,932,232 shares since Dec 6, 2023
Even though they got their dividend yield as low as 2.76% the payout ratio is 35% which is a healthy one.
And for the long term, I believe it will reach its past 52-week high price at 3.34.
For the last 5 years, its total return is 89%.
So from my point of view, it is a good investment right now. And I would appreciate any of your views on it either positive or negative. Please do comment.
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