Morgans like it this morning with an upgrade.
Acrow Formwork (A$0.37) ADD TP A$0.55On the right pathACF has advised that its Industrial Scaffold business continues to grow strongly with further contract wins. The company has secured a 3-year (plus 2- year extension option) industrial services contract with Visy's Tumut Kraft Paper Mill, which is expected to generate revenue of ~A$2.5m pa. Management hinted at further similar contract wins in the near future. ACF has also reiterated FY21 guidance and continues to target ~20% EBITDA growth in FY22. We think the fact management has provided FY22 guidance so early shows confidence in the outlook. We increase FY21/FY22/FY23 EBITDA by 0%/7%/6%. Our FY22 EBITDA forecast implies 17% growth on the prior year. Our target price rises to A$0.55 (from A$0.53) and we maintain our Add rating.
- Forums
- ASX - By Stock
- ACF - Always Count on Framework
Morgans like it this morning with an upgrade. Acrow Formwork...
- There are more pages in this discussion • 338 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ACF (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.18 |
Change
-0.020(1.67%) |
Mkt cap ! $346.9M |
Open | High | Low | Value | Volume |
$1.20 | $1.20 | $1.18 | $382.7K | 322.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48918 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.19 | 2308 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48918 | 1.180 |
5 | 29795 | 1.175 |
3 | 45312 | 1.170 |
2 | 3000 | 1.165 |
2 | 1862 | 1.160 |
Price($) | Vol. | No. |
---|---|---|
1.185 | 2308 | 3 |
1.190 | 6312 | 2 |
1.195 | 42312 | 2 |
1.200 | 22228 | 3 |
1.205 | 25000 | 1 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.18 |
  |
Change
-0.020 ( 2.15 %) |
|||
Open | High | Low | Volume | ||
$1.19 | $1.19 | $1.18 | 49882 | ||
Last updated 15.59pm 08/05/2024 ? |
Featured News
ACF (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online