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mita

494 Posts.

26/02/16

10:25

Post #: 17122908
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Originally posted by mita ↑

Solid performance ■ Solid 1HFY16 result – Axiron market share is steady and lower AUD helps. ■ Expect costs to be higher in 2H as investment in earlier programs increases. ■ Stock is relatively illiquid, hard to get excited. ■ HOLD recommendation maintained. Result ahead of expectations ACR posted a solid 1HFY16 result of A$9.7m (up 39% on the pcp). Revenues increased 26.6% to A$18.0m benefiting from higher royalty revenue of A$1.5m and a A$2.5m milestone received from Gedeon Richter. Operating costs increased by 19.5%, which management states is a well controlled cost base and in line with its growth strategy. It should be noted that strong NPAT results were attributed to a favourable AUD/USD exchange rate over the last quarter contributing an additional A$1.4m in royalty revenue. In the conference call, management noted that ACR had maintained a stable market share of 14.4% with flat sales growth over the previous quarter. ACR finished the half with cash reserves of A$21.5m (up from A$15.8m on the pcp).

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The first from MS and the second from morg ans

ACR Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 6.0¢		Change 0.000(0.00%)		Mkt cap ! $17.44M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	141072	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	73455	1

View Market Depth

No.	Vol.	Price($)
1	141072	0.061
1	100000	0.060
3	40929	0.058
2	167543	0.057
1	17857	0.056

Price($)	Vol.	No.
0.065	73455	1
0.070	57000	2
0.072	47301	1
0.073	30000	3
0.075	149999	1

Last trade - 09.59am 10/07/2024 (20 minute delay)

ACR (ASX) Chart

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