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Ausdrill (ASL) – On Track

    Home Latest Research Ausdrill (ASL) – On Track
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    Ausdrill (ASL) – On Track

    By admin | Latest Research | 0 comment | 16 October, 2018 | 0

    Ausdrill Limited Logo

     

    ASL has confirmed its expectation for standalone profit growth of 20-30% in FY19, and remains upbeat on growth opportunities. We expect the Barminco acquisition to proceed and deliver significant benefits for the combined entity. The FY19 accounts are likely to be complicated, and we provide forecasts on a reported and adjusted basis to aid analysis. We maintain our positive stance and BUY call on a $2.40 blended valuation (prior $2.45).

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