Acal Share Discussion Threads

[soundbuy] 26/7/2017 06:13

Well, travelling yesterday.....missed the fun.........still under the radar for many....

[rivaldo] 25/7/2017 13:04

On a bit of an upwards surge now.....

[3rd eye] 25/7/2017 11:04

Acal plc 13% Potential Upside Indicated by finnCap
Posted by: Amilia Stone 25th July 2017

Acal plc using EPIC/TICKER code (LON:ACL) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at finnCap. Acal plc are listed in the Industrials sector within UK Main Market. finnCap have set their target price at 339 GBX on its stock. This now indicates the analyst believes there is a possible upside of 13.0% from the opening price of 300 GBX. Over the last 30 and 90 trading days the company share price has increased 5 points and increased 50 points respectively. The 1 year high stock price is 309 GBX while the 52 week low is 203.2 GBX.
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.

[rivaldo] 25/7/2017 11:01

Peel Hunt and Finncap have indeed retained their 360p and 339p target prices for the moment.

Here's Finncap's brief summary today FYI:

"Strong organic progress BUY

Acal has confirmed the year has started well with Q1 organic sales growth
of +9%. At constant exchange rates, total sales were up +14%. While Q1 last
year was relatively weak in the Custom Distribution division, this is an
encouraging performance, and with order intake up 21% CER and 15%
organically the outlook is also positive. Organic growth rates were similar
in both the Design & Manufacturing and Custom Distribution divisions and
we understand across countries and industries. Variohm, acquired in
January, doubled Acal’s sensors capability and continues to perform well.

Sensors are a product segment we expect to produce strong results as the
digital transformation of industry continues.

With the FY 2018E P/E of 13.1x attractive against our expectation of 11% average annual EPS growth over the next three years (and the P/E a 24% discount to peers) we reiterate our Buy recommendation."

[3rd eye] 25/7/2017 09:12

Agreed Riv, meanwhile some interesting financials from Times Online premium service.

Stock looks very cheap to me and will get cheaper after updates imo.


nb, ACL Financial forecasts not yet updated after trading update this morning.

Acal PLC

FORECASTS


2018 2019
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Numis Securities Ltd
24-07-17 BUY 21.20 20.90 8.76 23.70 23.30 9.02
Peel Hunt LLP
21-07-17 BUY 21.06 21.67 8.90 23.02 23.02 9.30
Edison
20-07-17 None 20.70 20.60 8.90 22.10 21.70 9.30
FinnCap
19-07-17 BUY 22.90 22.90 9.00 25.30 25.20 9.60

2018 2019
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 20.98 21.29 8.90 23.36 23.16 9.30

1 Month Change 0.00 -0.01 0.00 0.00 0.00 0.00
3 Month Change 0.48 0.70 0.30 0.56 0.76 0.40

GROWTH
2017 (A) 2018 (E) 2019 (E)

Norm. EPS 27.50% 25.41% 8.79%
DPS 5.69% 8.94% 4.49%

INVESTMENT RATIOS
2017 (A) 2018 (E) 2019 (E)

EBITDA £23.60m £28.63m £30.52m
EBIT £16.00m £25.00m £27.30m
Dividend Yield 2.72% 2.97% 3.10%
Dividend Cover 2.08x 2.39x 2.49x
PER 17.67x 14.09x 12.95x
PEG 0.64f 0.56f 1.47f
Net Asset Value PS 30.52p

[rivaldo] 25/7/2017 09:08

Peel Hunt have a 360p target and Finncap a 339p target. I'd imagine both will reiterate those targets before the next trading update in October.

[shauney2] 25/7/2017 08:28

They are OK trades.Delayed publication from whenever.

[3rd eye] 25/7/2017 08:21

Yep but why are sells much higher than buys. ???????

[mfhmfh] 25/7/2017 08:02

330p next stop?

[rivaldo] 25/7/2017 07:33

Breaking out to new 2-year highs now.

What a lovely quiet thread :o))

[rivaldo] 25/7/2017 06:07

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."

[mfhmfh] 21/7/2017 08:44

SP rising prior to 1st Quarter Trading Update/AGM on 25th July.

Dividend being paid on 28th July.

[rivaldo] 21/7/2017 08:22

This morning's £8k buy is at a new recent high of 306p.

[rivaldo] 19/7/2017 14:01

Tipped...



"2 hot value stocks for growth and dividend hunters
By The Motley Fool 17 Jul 2017, 12:19

Investor appetite for Acal(LSE: ACL) shows no signs of slowing down. Just today the electronics play hit new record tops north of 300p per share, taking total gains during the past three months to 29%.

This comes as little surprise as sales volumes accelerate and Acal banks the benefits of sterling's slide.

The business saw revenues glide 18% higher in the year to March 2017, it advised last month, to £338.2m. On an organic basis revenues rose 6%, the small-cap witnessing improving sales and order growth as the year progressed.

And Acal's record order book of £109m as of March -- up 22% at real exchange rates or 13% organically -- suggests that revenues should continue to pound higher.

Profits hero

It comes as little surprise that the City expects Acal's long-running growth history to continue with earnings rises of 8% in the years to March 2018 and 2019 respectively.

As a consequence, Acal changes hands on a forward P/E ratio of just 14.1 times, falling comfortably within the widely-considered value territory of 15 times or under. This is striking value given Acal's improving momentum.

Those seeking access to hot dividend growth dynamos need to give special attention to the Guildford firm too. Last year's 8.5p per share is anticipated to march to 9.3p in the present period, and to 9.7p during fiscal 2019.

Subsequent dividend yields clock in at a very-handy 3.1% and 3.2% for this year and next. And I expect shareholder rewards to keep marching higher in line with profits."

[rivaldo] 17/7/2017 10:12

..and there are the new recent highs, after buying at 305p.

[rivaldo] 14/7/2017 11:10

Good AT trade buying coming in today - 15,500 shares bought in the last few minutes at 300p and 301p in 3 trades.

I suspect we'll see more new highs soon.

[soundbuy] 07/7/2017 08:33

Cheers for that........

[rivaldo] 07/7/2017 08:29

Nice mention for ACL in a Shares Mag feature on the top performing companies in its sector:



"Niche electronic components manufacturer Acal (ACL) released a strong set of preliminary results earlier this month for its year ending 31 March. The company has transitioned from a distributer to a manufacturer of specialised items such as those needed in CAT scanning machines.

Acal has also been driving through cost savings such as removing an entire level of management."

[rivaldo] 07/7/2017 06:31

Peel Hunt today reiterate their Buy and 360p target:

[rivaldo] 29/6/2017 22:00

Great finish - hopefully up to 320p now for new almost 2-year highs.

[soundbuy] 29/6/2017 14:41

Holding up............

[rivaldo] 29/6/2017 13:29

£90,000 of shares just bought at 300p...pressure is building for another break upwards.

[rivaldo] 29/6/2017 11:23

Looking at some figures issued by Finncap this week, the following are relevant comparator sector P/E's for this year and next year:

Trifast : 17.5 falling to 17
Electrocomponents : 25.6 falling to 22.7
Diploma : 25.4 falling to 22.7

ACL are on a P/E of 14 falling to 12.9.

ACL have a long way to rise from here to catch up.

Not only that, ACL have by far the best dividend yield, at 3.1% against the other companies ranging from 1.6%-2.1%.

[rivaldo] 27/6/2017 13:17

Buying at 299p now....

[rivaldo] 20/6/2017 10:17

Good to see ACL picking up on the IC Buy tip: