ACF

1.30%

$1.14 acrow limited

Great book and great post mate.Only thing i would say is what is...

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GooseMcghee

441 Posts.

58

01/12/21

11:22

Post #: 57989657
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Originally posted by toby9562: ↑

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.

-----------------------------------------------------------------------------------------------------------------------

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.

Expand

Great book and great post mate.

Only thing i would say is what is the typical PE of construction companies, probably a bit lower than 20x...

That said, i'm in complete agreement this is a great company moving in the right direction.

From a technical analysis standpoint it looks like we could be forming an ascending Triangle, which could indicate a possible upward breakout in the next month or so...

ACF Price at posting: 45.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
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)

ACF (ASX) Chart

Great book and great post mate.Only thing i would say is what is...

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Buyers (Bids)

Sellers (Offers)

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Great book and great post mate.Only thing i would say is what is...

Top Stories

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News