Ann: A$200m institutional placement to expand US capacity, page-9

  1. 4,594 Posts.
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    Once again retail shareholders have been reamed in the name of speedy execution with minimal management involvement
    I am okay with a $3.80 price as it went for a run from$3.50ish around mid Feb.
    Also happy with the underlying rationale. Donald should be happy with Austal USA.
    Good management should be able to convert this opportunity into a bottom line result and therein lies the problem - have we got good management? Past history would suggest No.
    Got to think long and hard about SPP participation - is the risk/reward scale worth it.
 
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