ACF 1.90% $1.07 acrow limited

Morgans revised f/c's:eps:F25 Reported 10.6c/Normalised 11.cps...

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  1. 141 Posts.
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    Morgans revised f/c's:
    eps:
    F25 Reported 10.6c/Normalised 11.cps (they assume $3m of significant items each year in their f/c;s);
    F26 Reported 11.1/Normalised 12cps
    dps:
    F25 5.8cps (54% payout ratio)
    F26 6.3cps (57%)
    ...fully franked.
    For a PE of c 8.7x/8.4 respectively on last night's close, and a yield of 5.8%/6.2%.

    Price target $1.30 (previously $1.43)
    ADD recommendation retained
    DYOR

 
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