bell potter broker recommendations for December .
crazy price for Austal with aluminium prices where they are, huge order book, recent favoured status by the Australian government, us government funding % of their steel shipbuilding assets, submarine contract up for grabs, historical cost blow outs already factored in last years accounts, and potential reversal of those provisions for cost over runs in this years results.
can anyone point out where the downside risk is coming from?
why is the share price declining?
Ann: Heads of Agreement for Strategic Shipbuilding Agreement, page-46
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