I think the revenue downgrade is, at least, something to watch.
The whole thesis behind the investment in ABB is about them continually grabbing market share of a proven process because of better service etc.
The projected revenue number for the 2023 of $800m means that the second half will come in at about the same value as the first half - so not much extra market share.
It will get harder as each year goes by, but they need to keep up the momentum for quite a while yet.
I'm not concerned at this stage but I'll be keeping my eye on it.
Ann: ABB Half-Year Results, page-9
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Last
$3.51 |
Change
-0.040(1.13%) |
Mkt cap ! $1.037B | |||
| Open | High | Low | Value | Volume |
| $3.55 | $3.55 | $3.45 | $1.587M | 455.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2914 | $3.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 6448 | 3 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| ABB (ASX) Chart |