Just getting back to levels before the post-dividend profit strippers left and the doom merchants briefly arrived. A few months ago the company founder bought another million dollars worth of shares on-market at $2.20, and two other directors topped up in June when it dipped below $2.10 - hard to see this as a sign of anything but optimism from insiders. The company may be in a slow lead time sector but shipbuilding is not a sunset industry and it’s defence credentials and commercial track record are well established.
The company has plenty of cash and if the Subic Bay deal completes shortly - as diplomatic channels have long rumoured - with a competent and well capitalized partner alongside, then IMO Austal’s share price should get some good sustained uplift.
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Last
$2.62 |
Change
0.050(1.95%) |
Mkt cap ! $949.7M |
Open | High | Low | Value | Volume |
$2.58 | $2.62 | $2.58 | $841.8K | 323.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1694 | $2.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.62 | 13543 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 2.600 |
1 | 2968 | 2.590 |
2 | 4276 | 2.580 |
3 | 4200 | 2.500 |
3 | 4373 | 2.490 |
Price($) | Vol. | No. |
---|---|---|
2.620 | 13543 | 6 |
2.630 | 23220 | 2 |
2.640 | 13398 | 1 |
2.650 | 17807 | 12 |
2.670 | 2848 | 2 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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ASB (ASX) Chart |