Making money indeed. I had a quick look back to refresh my memory and see that a notional $121,000 (100K shares) investment in Austal on 30 Jun 2016, just before this all unfolded, would be worth $256,000 today = a capital gain of $135,000. Plus dividends received of $41,000 for holding those 100K shares tight over the period since.
So $176,000 in shareholder gains overall. Would’ve been slightly more if buying the dip the day it came back out of halt (on 4 Jul 2016) but not much, because the hit to the share price that day from the profit writeback news was a mere 8.26% down (and by the end of that quarter it was up 21.49%). ASB has imo reliably delivered good steady gains despite the unpleasantries of the LCS cost & disclosure blowout that year: the benefits of holding instead of hyperventilating I guess.
Ann: Austal reaches settlement with ASIC, page-14
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