Company Overview
Operates in the Australian construction services industry, hiring formwork, falsework, scaffolding and screen equipment and undertakes sales of formwork and scaffolding related consumables. It also operates an industrial services business.
| Website | www.acrow.com.au |
|---|---|
| Head Office | Sydney NSW |
| Registry | Automic Registry Services |
| CEO | Steven Boland |
| Chair Person | Peter Lancken |
| GICS Industry | Capital Goods |
| Sub Industry | Trading Companies & Distributors |
| Sector | Industrials |
| Market Cap | $181 m |
|---|---|
| Shares on Issue | 263 m |
| Status | Trading |
| Last Price | |
| Change | |
| 52 Week H/L | |
| VWAP | |
| Bid/Ask |
Directors and Management
Mr David Moffat
Non-Executive Director 19/09/2019
Mr Moffat has a career spanning over 35 years in the construction industry, most recently with Lipman for 29 years, prior to his resignation in December 2018. From 2013-2018, David was the Managing Director of the Lipman Group of Companies. In 2019 David founded Cornerstone (NSW) Pty Ltd, whereas Managing Director, he provides strategic business planning and advisory services to Subcontractors, Head Contractors and Clients within the construction industry. David brings with him key competencies in Leadership, Construction Management, Innovation and Safety.
(B. Eng.(civil)) Male
Mr Steven Boland
Chief Executive Officer,Managing Director 27/03/2018
Mr Boland was previously the CEO of the Melbourne Rebels Rugby Club and was responsible for the start-up phase of a Super Rugby professional sporting team. Previously, from 2004 to 2010, Steven served as the Global Executive Director (Recycling) of Visy Industries, and from 2002 to 2004, Steven was the Executive Director (Commercial Waste) of Veolia Environment UK.
Male
Mr Peter Andrew Lancken
Non-Executive Chairman,Non-Executive Director 27/03/2018
Mr Lancken has a career spanning over 25 years in a range of executive and director roles in equipment hire, industrial, and real estate companies. He was formerly the Managing Director and Non-Executive Chairman of Kennards Hire Pty Limited. Peter managed an era of growth spanning two decades at Kennards, with sales now exceeding $390 million from a network of over 180 locations, and remains on the Board as a Non-Executive Director.
BE(civil), FIEAust, MAICD Male
Ms Melanie Jayne Allibon
Non-Executive Director 01/09/2021
Ms Allibon is an experienced Global Executive People Manager and Company Director with a demonstrated history of working in the manufacturing, mining & metals, infrastructure, media, and FMCG industries. Melanie's executive experience includes Group General Manager, Human Resources Pacific Brands, Executive General Manager, Human Resources Seven Group of Companies, and Newcrest Mining Ltd. Melanie is currently a Non-Executive Director at ASX listed Boom Logistics Ltd.
MAICD,MIWF,MCEW Female
Mr Gregg Taylor
Non-Executive Director 11/08/2017
Mr Taylor has 20 years of international business experience in financial markets, technology, sports administration, media and retail. Gregg is an Executive Director of Bombora Investment Management, a boutique investment house. Gregg has founded and managed multiple global operating businesses in sports, retail and media sectors.
BCom,CFA(Charter holder) Male
Ms Laurie Lefcourt
Non-Executive Director 01/10/2021
Ms Lefcourt is an experienced Non-Executive Director, Senior Finance Executive, and Audit Committee Chair at various listed/unlisted companies, with working experience in a range of industries. Laurie is currently a Non-Executive Director at ASX listed Tamawood Ltd and Advance Nanotek Ltd, and NSX listed Senterprisys Ltd. Laurie's executive experience includes senior finance roles at Rio Tinto Coal Australia, Queensland Rail, Sinopec Oil & Gas Ltd, Gentech Seeds Ltd, and Wiggins Island Coal Terminal. She will also chair the Risk Committee of the ACF effective 01/10/2021.
BA(Fin),CA,GAICD Chartered Accountant Female
Ms Margaret Prokop
Non-Executive Director 31/08/2018
Ms Prokop has led Natform for 30 years. Natform is now the designer and hirer of screen systems for the construction industry.
ME(civil) Female
Top 20 Shareholders
| Name | Shares | % | |
|---|---|---|---|
| 1. | HSBC Custody Nominees (Australia) Limited | 19,072,559 | 8.73 |
| 2. | BNP Paribas Noms Pty Ltd <Drp> | 12,210,419 | 5.59 |
| 3. | Evergreen Partners No 4 Lp | 10,982,830 | 5.03 |
| 4. | Keneco Property Pty Ltd <Famiglia A Ltd Partner A/C> | 10,420,000 | 4.77 |
| 5. | National Nominees Limited | 7,276,081 | 3.33 |
| 6. | J P Morgan Nominees Australia Pty Limited | 7,018,111 | 3.21 |
| 7. | BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> | 6,467,038 | 2.96 |
| 8. | Margaret Anna Prokop | 6,434,004 | 2.94 |
| 9. | MRP Property Pty Ltd <Mrp Group Family A/C> | 4,289,550 | 1.96 |
| 10. | Bibby Investments Pty Ltd | 3,996,024 | 1.83 |
| 11. | Carl Erich Roetger & Barbara Wilhelmina Roetger | 3,700,210 | 1.69 |
| 12. | Netwealth Investments Limited <Wrap Services A/C> | 3,678,822 | 1.68 |
| 13. | Whooshka Nominees Pty Ltd <Wally Whooshka A/C> | 3,104,591 | 1.42 |
| 14. | Maryville Pty Ltd <Boland Family A/C> | 3,060,000 | 1.40 |
| 15. | Josamba Pty Ltd <Wr&P Gibson Super Fund A/C> | 2,500,000 | 1.14 |
| 16. | Symdane Pty Limited | 2,200,000 | 1.01 |
| 17. | Total Construction Pty Limited | 2,010,492 | 0.92 |
| 18. | Mr Robert Caporella | 2,004,527 | 0.92 |
| 19. | Dr David John Ritchie & Dr Gillian Joan Ritchie <D J Ritchie Super Fund A/C> | 2,000,000 | 0.92 |
| 20. | Dracka Pty Ltd <The Dracka A/C> | 1,939,854 | 0.89 |
Director Transactions
| Date | Name | Qty | Value | Direction | Notes |
|---|---|---|---|---|---|
| 07/10/2021 | Steven Boland | 495,900 | $233,073 | Exercise | Conversion of securities. 1,102,000 - Performance Rights As per announcement on 12/10/2021. |
| 07/10/2021 | Steven Boland | 495,900 | $233,073 | Buy | Conversion of securities. |
| 07/10/2021 | Steven Boland | 44,444 | $19,466 | Buy | On-market trade. |
| 24/05/2021 | Steven Boland | 500,000 | $180,000 | Sell | On-market trade. |
| 14/05/2021 | Margaret Prokop | 92,321 | $33,152 | Issued | Dividend Reinvestment Plan (DRP). |
| 14/05/2021 | Margaret Prokop | 138,475 | $49,726 | Issued | Dividend Reinvestment Plan (DRP). |
| 14/05/2021 | Peter Lancken | 6,551 | $2,352 | Issued | Dividend Reinvestment Plan (DRP). |
| 26/02/2021 | Steven Boland | 45,000 | $15,750 | Buy | On-market trade. |
| 01/12/2020 | Gregg Taylor | 200,000 | $78,000 | Sell | On-market trade. |
| 30/11/2020 | Steven Boland | 2,204,000 | $859,560 | Issued | Issue of securities. 2,204,000 - performance rights |
| 30/11/2020 | Gregg Taylor | 200,000 | $40,000 | Buy | Exercise of options. |
| 30/11/2020 | Gregg Taylor | 200,000 | $40,000 | Exercise | Exercise of options. |
| 13/11/2020 | Peter Lancken | 328,577 | $113,161 | Issued | Dividend Reinvestment Plan (DRP). |
| 13/11/2020 | Margaret Prokop | 130,779 | $45,040 | Issued | Dividend Reinvestment Plan (DRP). |
| 13/11/2020 | Margaret Prokop | 196,158 | $67,556 | Issued | Dividend Reinvestment Plan (DRP). |