Some people saying since covid testing is reducing so ACL will go down now.
Reasons why this wont happen:
1. Out of the first half profit of $115m$, they didnt waste it away and pay excessive dividends but invested back in the company by acquiring Medlab.
- they increased their collection centres from 995 to 1283 by paying 70m$ + they got 2 extra labs.
- that is increase of close to 25% for 61% of the first half's NPAT!!
- if we take this acquisition money out of the half, we are still left with: 115-70: atleast 45m$.
2. They are big in WA. WA has been pretty much in lockdown till now. Only now the cases are starting to increase. they are going to have another big 6-7 months coz of more covid cases in WA.
3. Australia is going to open up the borders -which will mean more covid cases. Which will 100% mean more revenue for pathology services.
4. Medlab acquisition was completed on 20/12/21. They will give full benefit only from current half.
5. Many operations/testing got delayed due to covid, there will be demand for other types of tests.
Some people saying since covid testing is reducing so ACL will...
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Last
$2.29 |
Change
0.040(1.78%) |
Mkt cap ! $462.2M | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.31 | $2.27 | $565.2K | 246.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35087 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 9330 | 1 |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$2.30 |
Change
0.040 ( 2.25 %) |
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| Open | High | Low | Volume | ||
| $2.28 | $2.31 | $2.27 | 49603 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| ACL (ASX) Chart |