Perhaps in time the market will realise that the class action case is not commercial for IMF, that they probably want a resolution to it and that it appears ASH are fully insured regardless. I don't think the stock will go to 40c-50c until there is a resolution, but if more people do the legwork and determine the class action is perhaps not the threat others have viewed it as, then we might see it trade a bit closer to 30c even without an acquisition.
The market for ASH's labour hire businesses appear to be very strong according to industry commentary. So there will be no excuse for ASH not to clock in another good result at the full year.
Training might surprise in FY19.
But like I said above ASH needs one or two acquisitions to really get the share price firing.
ASH Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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