I think that this stock has been totally ignored recently.
Its been two months since the last update and news flow must be immenient.( As each day passes the news flow gets closer )
In the last announcement in November they mentioned the following about the July to October period.
* Exceeding expectations * Well ahead of previous corresponding period. * Comfortably ahead of budget * Ontrack to achieve 25% you uplift in new contracts secured in 1H21 * Currently "comfortable" with FY21 ebitda consensus broker forecast of $22.3m. ( upside might be a surprise ) * EBITDA margins continue to climb * Hopefully the next dividend will be reinstated and the yield should be decent.
Great outlook for the next FY from my perspective.
I suspect that investors have been chasing the penny dreadfuls and those companies that earn no profits but trade a great premiums to chase capital gains . (hence lack of interest in good companies. ! ) ( Good luck to them)
I know what I prefer and look forward to a bright future with ACF.
The market will at some point recognise this stock for its profile.
DYOR
ACF Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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