ACU 0.00% 16.0¢ acumentis group limited

I hear you Eigen. To please mainstream we will need to see a...

  1. 1,981 Posts.
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    I hear you Eigen. To please mainstream we will need to see a return to div. But the co. will be eyeing further growth.

    My clear message (pls to management) is don't issue more shares until 25-30c which means tolerate an SA subcontracting process for the short term. A buyback is well within doable range from here (given cash levels building) and at these levels you would be best off to buy back in the 13-20 range and conduct buyouts in the 25-30 range.

    On the numbers, I see you at ~1-1.3c. On this basis we're trading at a PE of ~10 on historic basis. But we have to look forward with ACU given where we've come from.

    Taking guidance from the co. I've taken a pot at ~$56m revs for FY22 and grown the cost base in line with current cost/rev ratios (no real economies of scale assumed). Doing this I get 2.5-3.0c EPS. So on a forward basis we're trading at a PE of around 4-5x. To bring this into line with the ASX (~19x) we have plenty of SP upside in the tank..
 
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1 60000 15.5¢
 

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Last trade - 16.12pm 26/11/2021 (20 minute delay) ?
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