Proven success at breaking into new markets (e.g. Victoria)
Strong guidance for 25% YOY uplift in new contracts and EBITDA of $22.3M
Extreme value with FY21 P/E in range of 7 to 10 depending on actual NPAT
Successful strategy to exit low margin domestic work in favour of major infrastructure
Low gearing of around 20%
High profitability with ROIC of around 13-14% and rising
Yet despite all of your points and mine, appearances on the ASX can often look unfavourable. I can only assume games are being played to assist with accumulation by larger investors at the expense of small retail investors.
ACF Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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