ACF 0.88% $1.12 acrow limited

"Expect a lot of buyers have been burnt this past week?"Many,...

  1. 1,069 Posts.
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    "Expect a lot of buyers have been burnt this past week?"

    Many, many more sellers have been burned over the last few years, by not staying long during the inevitable short-term dips in share price that happen to all stocks. I have gladly remained long through all the dips since early 2020, and have reaped a 5x share price gain, plus rapidly growing dividends.

    As I have said before, Acrow is now a very much higher quality and lower-risk business (and even better value now) than it was 3 years ago due to its much larger market cap, much higher profitability and much greater diversity in regions and customers served, as well as the range of services now offered. A higher P/E should be awarded by the market for this, but the P/E is still the same as it was in early 2020 when it was a one-trick pony and less than $50M market cap.

    One of Acrow's key strengths is its ability to reinvest more than half of its profits (plus some additional debt at times) with returns of over 30%. Companies that can do this year after year compound rapidly, as Acrow is doing. Proof of this is that Acrow's market cap has gone up more than 5 times since early 2020. I fully expect it to keep doing this for some years yet.


    Staying long now is one of my easiest investment decisions to make.

 
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Last
$1.12
Change
-0.010(0.88%)
Mkt cap ! $327.8M
Open High Low Value Volume
$1.14 $1.14 $1.12 $413.5K 368.4K

Buyers (Bids)

No. Vol. Price($)
2 5611 $1.12
 

Sellers (Offers)

Price($) Vol. No.
$1.13 8869 8
View Market Depth
Last trade - 13.11pm 03/05/2024 (20 minute delay) ?
Last
$1.13
  Change
-0.010 ( 0.83 %)
Open High Low Volume
$1.13 $1.13 $1.12 29286
Last updated 13.36pm 03/05/2024 ?
ACF (ASX) Chart
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