ACF.Acrow Formwork and Construction Services LTd

[NZSilver]

There must be some gems coming out at the AGM, looking forward to reading the presentation. SP up 10%

[traineeinvestor]

There must be some gems coming out at the AGM, looking forward to reading the presentation. SP up 10%

Yes. A very positive set of forward looking statements + a reminder that the next 5 years of estimated infrastructure spending in Australia are all quite a bit higher than last year's. Link to presentation below.

Have to wonder why BOL share price has lagged ACF so much - different businesses but both fishing from the same pond.

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

[percy]

I held BOL 15 or more years ago.Promised a lot but never delivered.Always short of cash [equity].
Their current ROE is extremely low at 4.1%.
Current liabilities exceed current assets.Prudent not paying another divie.
They appear to be on track,so most probably worth a place on a watch list.
I hold ACF and DDH,which I prefer to BOL..

[NZSilver]

I also had a cursory look, thanks trainee for pointing it out, one I had never heard of. Very low margin and very low return on assets. It wouldn't take much to push it back into loss making. Pe is also higher relative to acf, however I did note NTA was potentially higher than SP so there might be something there but certainly prefer acf with it's growth and record over the past few years. Always good to look at a company I have never heard of though.

[traineeinvestor]

@ percy and NZSilver Thank you both for your thoughts. I tend to agree (which is why I have a sizeable (for me) position in ACF and a much smaller one in BOL). So far the "fishing in the same pond" thesis has not resulted in a decent catch for BOL shareholders.

[Muse]

what a remunerative ride this has been

[percy]

Bit of movement today in ACF's share rice.
Last sale 60 cents.
Buyer 60.5.....Seller 62.......
Pleased I took DRP for their latest divie,[which was paid end of November]

[DarkHorse]

Feeling well position with ACF and XTK as by far my largest holdings atm

[audiav]

Continues to grind upwards, 66 cents. Love the (albeit old) HotCopper commentary about this being a boring stock which will delight any owner of the shares.

[stoploss]

Continues to grind upwards, 66 cents. Love the (albeit old) HotCopper commentary about this being a boring stock which will delight any owner of the shares.

It's in my 2023 stock picks so have added to my portfolio. Entry was 61.5 and I doubled up at 65.5.
Might be a speeding ticket coming 68 trading ....