Ann: Strong 1H FY23 Results and Upgrade of FY23 Guidance, page-7

  1. 690 Posts.
    lightbulb Created with Sketch. 99
    Another great result.

    According to the presentation we are still a few years away from peak infrastructure etc spending so the forecasts for further growth in the key metrics seem very reasonable.

    While I am delighted with ACF continuing to deliver, I don't want to lose sight of the fact that this is at least in part a cyclical business. ACF needs to keep a solid balance sheet to ensure it gets through the cycle in good shape.
 
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