Acrow Formwork and Construction Services (ASX: ACF)What’s not so boring for investors is the ability of Acrow Formwork and Construction Services to thrive in the troubled times.This is partly the result of a timely switch from the residential sector to engineered formwork for mega infrastructure projects.Acrow reported a 22% net sales surge to $87 million for the full year, with EBITDA climbing 30% to $15 million.Notably, June half EBITDA doubled to $9.5 million, while revenue surged 39% to $49 million.This is because client projects such as the Sydney and Melbourne metro projects, Snowy Hydro 2 and Brisbane’s Queen’s Wharf forged ahead with minimal disruption.With a record pipeline of new jobs, management is “comfortable” with broker forecasts of ebitda of $17-17.5 million for the current year.The munificent board upped final dividend to $0.0105 a share from $0.01 previously, taking the full year payout to $0.0175 (a yield of around 5%)
Above appeared in Small Caps Weekly.
Acrow Formwork and Construction Services (ASX: ACF)What’s not so...
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Last
$1.07 |
Change
0.035(3.38%) |
Mkt cap ! $322.4M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.08 | $1.04 | $643.5K | 607.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54094 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 43737 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ACF (ASX) Chart |