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$1.02 acrow limited

News: ACF Acrow Formwork And Construction Confirms It Is In Talks With Uni-Span, page-46

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LeonLevy

1,881 Posts.

223

19/09/19

20:57

Post #: 40486702
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Originally posted by Access2020: ↑

Welcome aboard. Bell Potter put out a research report with a target price of 27c which could explain the volume.
Yes, patience is indeed required. I wouldn’t call this a defensive stock. This is very much a cyclical stock in that housing and infrastructure are huge drivers of demand and large reductions in demand can have a devastating impact on profitability as prices drop (due to excess market supply) while utilisation also drops - a very bad combination.

BUT infrastructure spending is high with a strong pipeline to support the group and that is where they have invested. It’s worth noting that growth capex has been SPENT so they just need a few contract wins and profits + margins will increase.

As a reminder to everyone else, the latest NTA was 22c which is just below the SP today. The balance sheet is strong and a Uni-Span acquisition is likely to be accretive and result in broker upgrades - both brokers have not factored any M&A in their modelling. Plus, investors are being compensated with a very attractive yield which has scope for growth given the payout ratio (from memory) was only 40% while the present PE is extremely low. GLTAH

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What's going to cause this one to re-rate? It has been buried.

ACF Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.02		Change 0.030(3.03%)		Mkt cap ! $307.4M

Open	High	Low	Value	Volume
$1.00	$1.02	99.5¢	$201.5K	199.6K

Buyers (Bids)

No.	Vol.	Price($)
1	6000	$1.01

Sellers (Offers)

Price($)	Vol.	No.
$1.02	26020	2

View Market Depth

No.	Vol.	Price($)
3	53668	1.005
4	60468	1.000
1	1848	0.995
1	44337	0.990
1	30000	0.985

Price($)	Vol.	No.
1.020	26020	2
1.025	3668	1
1.030	29442	4
1.035	13910	1
1.045	50000	2

Last trade - 16.10pm 17/09/2024 (20 minute delay)

ACF (ASX) Chart