My takeaway from the recent posts above is a general frustration with the current suppressed SP. As some have indicated, the recent pullback has been an opportunity to add to positions. Politics aside, ALL is a global market leader in the rapidly-growing land-based gaming and mobile gaming industries. It has delivered revenue growth of 17% pa over the past 5-years and 80% of revenue in FY21 was recurring. Demand for its gaming machines and digital games is resilient to economic cycles, though has slowed in recent months, leading the SP retracement. ALL’s 1-year forward P/E has derated significantly from a high of 30x last September. Inflation data is acting as a current tail wind although not out of the woods yet (still running at 6% when target is 2-3%). Morgans have a $43 TP, Citi $41.20, OM $40.50, UBS $41.60. I think now would be precisely the wrong time to sell for what its worth. In fact, I'm a net buyer.
GLTAH!
Ann: FY2022 Results Media Release, page-117
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Last
$52.92 |
Change
0.910(1.75%) |
Mkt cap ! $33.45B | |||
| Open | High | Low | Value | Volume |
| $52.75 | $53.10 | $52.30 | $53.35M | 1.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9539 | $52.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.94 | 3669 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ALL (ASX) Chart |