Australia's Abacus Storage King jumps as co maintains FY24 forecast

Storage King

16/02/2024 24:41

** Shares of Abacus Storage King  ASK.AX  rise as much as
3.2% to A$1.208, their highest level since Sept 18
    ** Co posts half-yearly total revenue of A$113.2 mln 
($73.77 mln)
    ** Reaffirms FY 24 distribution forecast of 6 AU cents per
security
    ** Citi says reconfirmed forecast is in line with Visible
Alpha's consensus
    ** Stock set for best day since Jan 31, if trend holds
    ** Stock has risen over 3% this year, as of last close

    ($1 = 1.5344 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))