more bad news from macbank, page-16

  1. 3,156 Posts.
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    Hi Jimmy357

    The Morningstar review on the 04/03/2014 has ACR rated as a HOLD. They have revised fair value down from $4.20 to $2.50. This is attributed to slower than expected sales in the US.

    They also have a patent for their application of drugs through the skin until 2027 and another three drugs coming through the FDA system.

    Current prices may be short-term aberration.
    For my mind, the entity structure is a major benefit too. You don't have to pay CGT or tax on dividends earned.

    At the current price, based on Morningstar research of $0.225 of earnings in 2014, they are looking at 13.15% return on earnings with a $1.71 share price. Dividends are smaller with a 4.3% forecast return ($0.074 for 2014).

    If Morningstar's EPS figures are correct, then we are looking at Earnings return of 21.4% on todays share price in 2015.

    Best of Luck
    Lost
 
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Last
1.6¢
Change
-0.002(11.1%)
Mkt cap ! $6.548M
Open High Low Value Volume
2.0¢ 2.0¢ 1.6¢ $39.34K 2.216M

Buyers (Bids)

No. Vol. Price($)
8 971151 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 565000 1
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Last trade - 16.10pm 31/07/2025 (20 minute delay) ?
ACR (ASX) Chart
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