I agree - a good result. You would think that the market would have a better reaction pricewise but the sellers persist. I guess the money is following more sexy stocks like battery minerals and fintechs which are showing momentum. Fundamentals and secured future business in a relatively niche area do not seem to count for much. Maybe the lookers are yet to understand how this company has transformed itself from hiring formwork in the highly competitive residential sector into hiring highly complex formwork in the much less competitive higher margin structural civil engineering sector. Maybe the even the better EPS and profitable second half might bring a better market response. I will not be selling.
ACF Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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