ACF (Acrow Group). They provide construction services, mainly dealing with civil engineering, formwork and scaffolding hire. Since 2018, they have put a significant amount of effort towards remodeling their business model and pivoting their business structure towards civil and industrial sectors, which has paid off in 2020 with excellent results. They have also recently added a few new acquisitions to their business (Uni-Span and Natform).
They have also shown a very steady improvement in margins, which is very impressive. Demand and attained contracts have also seen a steady rise, with them leading the expansion of the Melbourne and Sydney Metro lines, as well as many other government projects.They pay dividends at a 4.5% annual yield, with 100% franking. They are currently at an $83M MC, P/E ratio is very low compared to competitors like NWH.
Chart looks very bullish and near 52 week high. Should be able to keep delivering strong results.
