The broker noted reference by management to some domestic weakness due to office closures in
The organic growth of the Australian business was hindered by covid-19 and lower client filings, but strong revenue growth was driven by the acquisition of the
Morgans reports that cash conversion was strong at over 100%, while the fully franked dividend of 15cps was slightly less than forecast.
The Add rating is maintained. The target price is decreased to
Sector: Commercial & Professional Services.
Target price is
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