Queensland coal operator AZJ has largely disappointed investors over the last decade since its float but under $4 we see distinct value in this $7bn business. Also a forecasted part franked yield in excess of 7% is attractive on anyone’s matrix in today’s environment. We like the risk / reward below $4 primarily because we feel that the downside is limited.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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MM likes AZJ below $4
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