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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Acal | LSE:ACL | London | Ordinary Share | GB0000055888 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 320.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 320.00 | 324.75 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 320.25 | GBX |
Acal (ACL) Share Charts1 Year Acal Chart |
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1 Month Acal Chart |
Intraday Acal Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/11/2017 | 20:26 | Acal plc : cash in the bank and stabilising markets | 458 |
| 07/10/2009 | 11:38 | Acal Charts and News | 227 |
| 28/9/2005 | 11:29 | Acal - PE 7 growth 40% - very undervalued | 7 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 24/11/2017 12:01 by rivaldo Good new investment overview here spelling out the transition to own customised, higher margin products....Http ://www.proactiveinve "Acal building momentum with its higher margin strategy 11:39 23 Nov 2017 The customised electronics firm said it has generated “good levels of organic growth” in the opening six months of its year, driven by new project wins and “favourable Broker Peel Hunt is a buyer of the stock Peel Hunt reiterated its ‘buy’ recommendation after the October trading statement, saying the momentum that started to build back in the fourth quarter of fiscal 2017 has continued through the first half of fiscal 2018. Organic revenue growth for the first half was 9%, which was thanks to a better trading backdrop, but Peel Hunt noted the group is also seeing an improvement in the quality of the order book. Shares in Acal PLC (LON:ACL) rose sharply at the opening bell on Monday after the customised electronics specialist revealed it expects full-year earnings to be ahead of expectations after a strong first half performance. The Guildford-headquarte “As a result, full year earnings are now anticipated to be slightly ahead of our expectations,” read this morning’s statement. The solid start is a continuation of the momentum Acal has been building in previous quarters. First-half total revenue jumped by 21% to £190mln for the six months ended 30 September compared with the same period last year (H1 16/17: £157mln). Organic sales in the Design & Manufacturing business – which accounted for 57% of the total revenue during the period – grew by 11%, while the Custom Distribution division saw sales rise by 7%. Group orders increased by 15% in the half, taking Acal’s forward order book to another record period end high. The group margin stabilised and was in line with the final quarter of last year, the company added. “The board is confident of making good progress through the rest of the year, continuing its established strategy of seeking high-quality revenue opportunities in our target markets, along with value-enhancing acquisitions.” Earlier this year, Acal agreed to buy out UK-based components manufacturers Variohm Holdings Limited in a deal which could be worth up to £13.85mln. Acal paid £12mln upfront, with a further £1.85mln payable should the new addition achieve certain growth targets and conditions. It is all part of a strategy to grow its design and manufacturing division with differentiated niche and customised electronic components. It is clear that Acal expects acquisitions (M&A) will continue to augment organic growth as it recently created a new role of M&A director in March, to which it appointed Jeremy Morcom. “Given the positive underlying momentum in the business, we anticipate further positive news flow as the year progresses and still see upside risk to forecasts,” Peel Hunt said. With net debt around 1.2 times underlying annual earnings (EBITDA), there is plenty of headroom for further bolt-on acquisitions. “Management |
Posted at 08/11/2017 10:28 by rivaldo Edison produced a report last month whilst I was on hols - it hasn't been posted here before, so FYI....The suggested 35% discount to peers implies that ACL should be trading at almost 500p, compared to the current 320p: "Acal Trading update Sustained uptick in orders drives upgrades Acal’s H118 trading update confirms that strong demand continued into Q218. Both divisions saw a positive trading environment in H1 resulting in group organic revenue growth of 9% y-o-y and group reported revenue growth of 21%. We have raised our revenue forecasts for FY18 and FY19 to reflect stronger trading, which results in upgrades to our normalised EPS forecasts of 3.8% in FY18 and 3.7% in FY19. In our view, the sustained improvement in demand is not reflected in the share price." "Valuation: Discount to peers has widened On an FY18e P/E of 15.4x and FY18e EV/EBITDA of 9.3x, the stock is trading at a c 35% discount to the peer group average for both multiples, compared to a 25% discount when we last wrote in July. The share was recently reclassified from Industrial Support Services to the Electronic & Electrical Equipment sector, and is trading at a c 30% discount to the new sector P/E. The strong order book, combined with good progress in the strategy to grow the Design & Manufacturing side of the business, provides confidence in both the near-term and longer-term outlook for the company. Continued growth in the proportion of revenue generated from design and manufacturing should support operating margin expansion, and should help to reduce the valuation discount. The stock is also supported by a dividend yield close to 3%." "Valuation After this upgrade, Acal is trading at a 35% discount to its peer group on current fiscal year EV/EBITDA and P/E multiples. This has widened from the 25% discount when we last wrote in July." |
Posted at 07/11/2017 13:49 by rivaldo Here's a couple of snippets from Finncap's note of 16th October.Note that at 319p, on their 25.2p EPS forecasts for the coming year starting 1/4/18, ACL are on a P/E of only 12.7: "In a positive H1 update, Acal has highlighted that trading has remained strong in Q2 and full-year earnings are now anticipated to be slightly ahead of management expectations. Our FY 2018E EPS forecast is 6% ahead of consensus and we leave our forecast of 19% EPS growth this year unchanged. Acal is set to report H1 organic sales growth of 9% supplemented by a further 6% from acquisitions and 6% from currency. With the short term P/E of 13.7x and dividend yield of 2.9% still attractive against the significant long-term market potential we remain positive on the shares." "Attractive valuation against long-term potential. We remain focused on the long-term potential for growth in a £20bn market, but the short-term metrics also remain attractive with a 13.7x P/E and 2.9% dividend yield. There is scope for us to increase our target price alongside our review of the results on 28 November." |
Posted at 26/10/2017 11:52 by rivaldo The IC's Buy tip can be seen here, noting upside from the then 333p share price: |
Posted at 26/10/2017 09:40 by rivaldo I'm surprised that ACL's share price has barely risen since the "ahead of expectations" update.Numis have a 370p target and Peel Hunt have a 360p target. Finncap go for 339p, but say there's scope to raise that target post-results on 28th November. They currently go for 22.9p EPS this year and 25.2p EPS next year. The steady re-rating here will hopefully gather pace soon. |
Posted at 16/10/2017 22:09 by rivaldo "This company is cylindrical" :o))I'm only interested in the share price graph, which is going vertical and should continue to do so for some time to come. |
Posted at 16/10/2017 14:00 by walbrock82 Here are some quick views on AcalIs this a competitive company? When a business talks about customise design and manufacture of electronics, you think of a high margin business. But operating margin is around 4%, which is small. Acal has two divisions and their profitable division is business design and manufacturing, which accounts for 52% of revenue £175.6m (2017) and employ 3,299 staff. Their custom distribution turnover £162.6m, but employ 443 staff. The division with the most staff earns the company a higher margin than the high expertise division where the staff are the high earners. The company is cylindrical and can suffer from falling demand. For example, sales can fall by 30% and the share price gets a pummelling. Have sales peaked? Sales haven’t peaked because Acal has been acquiring businesses in the last four years, as acquisitions total £87m. And that has shown in first-half revenue increasing by 21% (£33m) to £190m compared with last year (H1 2016/17: £157m). The question is: Will profit margin suffer due to numerous acquisitions? Valuation Looking at the PER (PE Ratio) is slightly above their 10-year historical average of 15 times comes to 18 times. Using the CAPE ratio (Cylindrical adjusted PE) this came to a record high of 30 times earnings. The 15-year average is 12 times. With revenue rising the market is expecting higher profits, so it is no wonder the share price is rising. Final Thoughts This isn’t a sector I specialise in, so can’t make any share price projection. Interested in other companies’ updates and results, then click |
Posted at 25/7/2017 12:04 by 3rd eye Acal plc 13% Potential Upside Indicated by finnCapPosted by: Amilia Stone 25th July 2017 Acal plc using EPIC/TICKER code (LON:ACL) had its stock rating noted as ‘Reiterates Acal plc has a 50 day moving average of 292.92 GBX and a 200 Day Moving Average share price is recorded at . There are currently 70,680,967 shares in issue with the average daily volume traded being 79,425. Market capitalisation for LON:ACL is £216,990,569 GBP. |
Posted at 25/7/2017 07:07 by rivaldo Excellent trading update this morning - should propel the share price forward very nicely.The order book is really surging, 21% up on last year. Trading is "strong", momentum is "continuing" - the sentiment here is extremely positive: "First Quarter Trading Update Acal plc (LSE: ACL, "Acal" or the "Group"), a leading international supplier of customised electronics to industry, today issues a trading update for the first quarter of the financial year ending 31 March 2018, covering the period from 1 April 2017 to 30 June 2017. Trading in the first quarter has been strong with the momentum seen in the final quarter of last year continuing. First quarter revenue for the Group was 14% ahead of last year at constant exchange rates1 ("CER") and ahead 9% organically2 with similar organic growth rates in both the Design & Manufacturing and the Custom Distribution divisions. Order intake for the first quarter was also strong, growing by 21% CER and 15% organically, again with similar growth rates in both divisions, lifting the Group's forward order book to another record high and positioning the Group well for further growth. First quarter gross margin remained strong and in line with the final quarter of last year. As expected, it was lower than last year reflecting currency impacts on UK import costs from the fall in Sterling following the UK's European referendum. Variohm, which was acquired in January 2017, continues to perform well, and cross-selling between our two divisions delivered good growth in the first quarter. Nick Jefferies, Group Chief Executive commented: "We have had a good first quarter with widespread sales growth. Additionally, our order book has grown further which will drive sales growth in the year ahead. We are confident of delivering further progress through the year." |
Posted at 06/6/2017 11:20 by rivaldo Tipped here this morning - I think more acquisitions are on the cards rather than special dividends, but hey....Dobsey, the shares have had a good run, markets are volatile and some short-termers have taken profits. IMO the share price will soon gather steam and advance again: "Special dividend? Acal(LSE: ACL) is another company that has all the hallmarks of a top dividend play. Today the company announced its full-year results for the year ended 31 March 2017 showing strong growth across the board. Earnings per share rose 13% to 19.2p as underlying profit before tax rocketed higher to £17.2m, up from £14.5m in the year-ago period. Revenue grew by 18% or 6% at constant exchange rates. The best performing metric was the group's cash flow. Cash flow from operations increased 66% from £16.3m to £27.1m and the group's cash balance at the end of the period hit £22m, up from £20m at the end of the last fiscal year. This cash balance gives the company more than enough headroom to maintain its current dividend payout of 8.6p per share, which is costing around £5.2m per annum. Unfortunately, this kind of dividend security does not come cheap. Like Amino, shares in Acal trade at a relatively high forward earnings multiple of 15 times, but City analysts have pencilled-in earnings per share growth of 14% for the year ending 31 March 2018, so the high multiple is to some extent justified by growth. The shares support a dividend yield of 3%, and the payout is expected to grow by around 5% per annum for the foreseeable future. With such a healthy balance sheet I wouldn't rule out special dividends along the way as well." |
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