29/03/2023 16:58

ALS Ltd (ALQ) $12.10

ALQ +4.76%: the technical testing company rallied on upgraded guidance today, and confirmed a strong liquidity position post the sell-down of their Asset Care business to SRG Global (SRG). Underlying NPAT was upgraded ~2.5% at the midpoint, while just a small number, it does confirm they have managed cost pressures well and continue to see organic growth coming through the business.

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24/01/2023 09:26

3 ALS Ltd (ALQ) $13.20

Technical testing stock ALQ has performed strongly post-COVID including growing revenue by 24% in FY22, considering its performance a valuation of 20.4x FY23 earnings isn’t too prohibitive while an estimated 3.5% yield is supportive. This company provides essential testing, inspection and certification for other companies including the mining industry which MM is bullish about over the coming years.

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25/05/2022 16:51

ALS Ltd (ALQ) $12.01

ALQ +1.95%: technical testing company ALS presented FY22 numbers to the market today, coming in slightly ahead of expectations. Revenue grew 24% to $2.2b, and EBIT was up 36% for the year to $409m, around 2% ahead of consensus. The commodities segment saw EBIT growth of over 40% thanks to a strong tailwind of volumes and price increases. Life Sciences also saw solid growth, organic EBIT growth of 29% plus an additional...

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09/02/2022 09:41

ALS Ltd (ALQ) $11.84

Laboratory testing, inspection and certification business ALQ remains 16% below its 2021 high, we feel as commodity prices continue to rally the backdrop for exploration remains strong. We’re bullish the Queensland based business targeting a a break of its 2021 high but the risk / reward is not particularly exciting hence if we were long it would be a hold but we need it under $11 to become attractive as a buy.

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