Hello Everyone.
I am pleased to be a new ACF shareholder as of today. I will refer to this quote from Peter Lynch's book "One up on Wall Street":
"If you stay half alert, you can pick spectacular performers right from your place of business or out of the neighborhood shopping mall, and long before Wall Street discovers them."
I believe I have found a spectacular performer right from my meeting room at work. I work in the construction industry and recently had a meeting with our Bunnings representative to organise a large order of reinforcing steel. They informed me they have a new preferred supplier called Acrow who were providing much greater service than the regular supplier and competitive pricing. This prompted me to further research the company and invest.
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I have done a PE ratio analysis below to determine what returns I may get on my investment.
I will use the upper range of FY22 earnings guidance in my calculations and a PE of 20 to be conservative.
SOI = 253.8m
FY22 NPAT = 14.5m
20 = x / 0.057
x = $1.14
Share price fair value = $1.14
That is a 153% increase in less than 9 months when FY22 results are released. A very good return if all goes to plan!
Once I have done a bit more research I will be able to share some additional thoughts.
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Last
$1.14 |
Change
-0.015(1.30%) |
Mkt cap ! $342.0M |
Open | High | Low | Value | Volume |
$1.15 | $1.15 | $1.13 | $257.6K | 226.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.15 | 1686 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5444 | 1.125 |
1 | 892 | 1.120 |
1 | 750 | 1.105 |
3 | 50363 | 1.100 |
1 | 10000 | 1.085 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 11176 | 1 |
1.155 | 1315 | 1 |
1.160 | 44000 | 2 |
1.165 | 8583 | 1 |
1.170 | 1626 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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ACF (ASX) Chart |