Daily Brief Industrials: Intloop , Carr’s Group PLC, AST SpaceMobile Inc and more

• Exhibiting a robust growth profile – Solid topline growth and a marked improvement in profitability YoY were the key highlights of Q1 FY7/24 results, demonstrating that INTLOOP’s growth strategy encompassing M&A and business investment is beginning to yield positive outcomes.
• Sales growth of 63.3% YoY was driven primarily by the acquisitive impact of DICS Holdings, and margin enhancement YoY was said to be driven by obtaining high-margin projects, which we believe also stems from raised pricing and improving consultant productivity.
• Management continues to invest in the business primarily via recruitment and building business alliances that should strengthen its network and selling activities.

Carr’s Group plan to dispose of the Engineering businesses remains on track and will leave the company as a focused agricultural supplies business. Restructuring (both the cost base and exiting loss-making activities) along with actions from the new management and potential from a market upturn should provide positive forward momentum and support the future growth strategy.

• AST Spacemobile (ASTS) is overvalued at $9.4 billion as a pre-revenue company with uncertain prospects
• The company has launched 5 satellites but would need at least 60 more for a meaningful commercial offering
• Stock price has surged on hype, but challenges in business model and high costs of satellite deployment remain significant obstacles for ASTS

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.