The stock of Aberforth Geared Income Trust PLC (LON:AGIZ) reached all time high today, Oct, 18 and still has GBX 408.33 target or 162.00% above today’s GBX 155.85 share price. This indicates more upside for the GBX 205.28 million company. This technical setup was reported by Barchart.com. If the GBX 408.33 PT is reached, the company will be worth GBX 332.55M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.18% or GBX 0.27 on October 18, hitting GBX 155.85. Aberforth Geared Income Trust PLC (LON:AGIZ) has risen 6.31% since March 18, 2016 and is uptrending. It has outperformed by 0.83% the S&P500.
Aberforth Geared Income Trust PLC is a split capital investment trust. The company has a market cap of 205.28 million GBP. The Trust’s investment objective is to provide ordinary shareholders with a high level of income, with the potential for income and capital growth, and to provide zero dividend preference shareholders with a pre-determined final capital entitlement of 159.7p on the planned winding up date as of June 30, 2017. It currently has negative earnings. The Trust invests in a diversified portfolio of small the United Kingdom quoted companies, which have a market capitalization, at the time of purchase, equal to or lower than the firm in the bottom 10 % of the London Stock Exchange’s main market for listed securities by market capitalization or companies in the Numis Smaller Companies Index.
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