ASH ashley services group limited

H1 Forecasts

  1. 635 Posts.
    lightbulb Created with Sketch. 316
    Given the recent price action, its worth getting a discussion going on the H1 results. I've updated my forecasts for the half and full year (see summary below). This suggests a HY dividend of 1.7-1.8c and FY divvy of ~3.5c. I was previously conservatively forecasting that the Q2-Q4 results would be slightly below the Q1 results, however I've upgraded my forecasts to essentially be an annualization of the Q1 result. This updated view is based on the fact that the Q1 result already had weakness in the concept engineering businesses, so there is as much risk to the upside as the downside in terms of the Q2-Q4 results, particularly if the CE businesses start to benefit from the economy opening up and infrastructure spending coming through. These forecasts also don't factor in event risk upside from more acquisitions, which remain a possibility given the group's strong balance sheet. If the forecasts below are achieved, you are looking at a 10%+ dividend yield (including franking benefit) at today's 45c share price. More importantly, if achieved, the earnings and dividend uplift should drive a reevaluation of this stock which could easily drive the share price above 70c and still seem reasonably valued.

    https://hotcopper.com.au/data/attachments/2801/2801190-1f99569587889573a15d68894d378378.jpg
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
17.0¢
Change
-0.015(8.11%)
Mkt cap ! $24.47M
Open High Low Value Volume
18.5¢ 18.5¢ 17.0¢ $2.407K 14.14K

Buyers (Bids)

No. Vol. Price($)
1 150000 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 24936 1
View Market Depth
Last trade - 10.29am 25/07/2025 (20 minute delay) ?
ASH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.