FYI only, I've attached below my Q1 EBITDA forecasts ahead of Thursday's AGM. I'm expecting ASH to achieve 10%+ growth even with a slightly weaker LH result (compared with Q1 last year). My LH forecast is slightly above their H2 runrate but I'm not expecting it to get back to Q1 2019 levels. However, the forecast benefits from the stronger training result which was only ramping up last year, and continued lower corporate costs (I've included a small amount for M&A costs but this could be higher). Let's hope they meet (or exceed) these forecasts and we get a positive update on the CCL acquisition. If anyone is attending the AGM, it would be great if they could post a summary of the discussion.
ASH Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)