In other broker news FWIW.
Fosters - Aug 26 - http://www.fostock.com.au/news
Extract:
Recommend ALU as Buy. Our valuation of Altium is c.+A$11.40 per share. We value the core ALU operations at c.A$6.00 (20x PER 2017E) & Dassault OEM agreement at +A$5.40 (in our opinion the latter is very conservative, particularly as ALU are looking to integrate with Dassault’s high-end product, so possibly +A$20.00 valuation). · Price Target +$12.00. Dassault is a quality software company, on a global scale. The uplift in ALU’s earnings over the next 5-years is material (not just Dassault), leading to a share price above A$12, in our opinion
---end----
A couple of observation(s):
ALT are upping there M&A team to help with growth by acquisition's which is great to see. The Dassault partnership is already starting to show material worth, the balance sheet continues to look healthy with revenues and NPAT continuing to grow. If you are a long termer, what's not to like...
- Forums
- ASX - By Stock
- Montgomery on ALU
In other broker news FWIW. Fosters - Aug 26 -...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online