I like ALU a lot. It's a well run business with a great SaaS product successful internationally. Far and few between on ASX. The results have been outstanding. I think the comparison with ACX a little bit unfair though
- not so much a collaboration product across disparate users in different organisations on project teams so, in my view, doesn't have same eventual natural monopoly potential
- more competition
- not as tight a niche, more of a horizontal in different industries' engineering design use, compared to ACX focus just on global construction niche
- not as much medium to long term growth potential
But ALU making more profit already and already paying a dividend. Arguably, this is evidence that growth potential not as great but for some ASX investors this focus on profit/dividends might be a good thing.
ALU Price at posting:
$7.45 Sentiment: None Disclosure: Not Held
