AUB Group Limited

ASX:AUB

AUB Group Limited

ASX:AUB
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$31.18 (-0.6%)
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#455
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Jimmy
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Last edited 2 years ago
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#Bull Case
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Jimmy
Added 2 years ago
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The following is a part extract from this mornings ASX release which was a little more positive than anticipated.

I've added at current share price as imo I see this as a value buy with growth upside.

Upgraded and Updated Earnings Guidance for FY23 AUB Group Limited (AUB) today announced that, as a result of strong Q1 FY23 trading and completion of the Tysers acquisition on 30 September 2022, it is updating guidance for FY23.

FY23 underlying net profit after tax (UNPAT) guidance for AUB, including Tysers and Group debt costs, is expected to be in the range of AUD107.5mn to AUD115.0mn, representing growth of 45.2% to 55.4% over FY22.

AUB’s FY23 UNPAT (excl Tysers and cost of debt) is expected to be in the range of AUD90.0mn to AUD92.0mn, representing 21.6% to 24.3% growth over FY22.

Previous FY23 UNPAT guidance announced to the market on 24 August 2022 was in the range of AUD86.0mn to AUD91.0mn.

Additionally, following completion of the Tysers acquisition on 30 September 2022, AUB announced that Tysers is expected to contribute UNPAT in the range of AUD45.0mn to AUD52.5mn for the nine months to 30 June 2023.