Agree - the Owen Pacific acquisition should do a lot of heavy lifting in meeting this target, particularly as some of the amortisation costs on this and other acquisitions are fully amortised prior to 2027. Recession risks are real over this period so slower growth and some margin erosion will be headwinds, but the target is enough to keep these execs motivated. There should also be opps for more debt funded M&A but I wouldn't want them taking on more debt in this environment until the Owens debt is paid down. On the regulatory change issue, I expect LH companies will be required to complete more paperwork/compliance to show their employees are paid the same as FTE's. This could impact margins, but won't be a major issue for players like ASH and could add to M&A opps of smaller players who find it all too hard/expensive.
ASH Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
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