Active Member Straws
#ASX Announcements
Last edited 4 months ago

Acrow Formwork and Construction (ASX: ACF) is a hirer of formwork and scaffolding systems to large construction and civil infrastructure providers.

Announcement - 16/1/20:

Acrow announced that it has received a significant order from BKH Group for the sale of the Acrow Powershore high load shoring system, to be used as part of the formwork solution for the construction of the Sydney Metro Barangaroo Station. Delivery of the product is set for late April/early May. Exact quantities to be supplied are being finalised, however the sale will be worth between $2 and $3 million when completed.

Metrics:

Market Capitalisation: $71,053,624 (@34.5)

Earnings/Share: 2.88 cents

Price/Earnings Ratio: 11.98

NTA/Share: 24 cents

Dividend/Share: AUD 2 cents

Dividend Yield:  5.8%

Website

Notes:

  • Focusing on civil infrastructure, with the goal of penetrating the Melbourne and Sydney markets.
  • Government looking to spend $100B over next decade as Australia’s population (largely in the main cities) shows no sign of slowing down.
  • Small growing company that will benefit from increased government infrastructure spending.
  • Recent acquisitions have given the company better capabilities, which will help in gaining contracts.
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