Given the increase in defense spending in many countries, this company could be a good candidate for a takeover target.
They are currently trading on a very low PE and high Div yield.
Plus, most of its earning is in USD. As long as AUD remains weak, their EPS in AUD will be much better moving forward.
Assuming that they will make some ok margin from current and upcoming contracts, their valuation will be very attractive.
All the best LTH
Given the increase in defense spending in many countries, this...
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Last
$2.22 |
Change
0.050(2.30%) |
Mkt cap ! $808.3M | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.25 | $2.19 | $452.9K | 203.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 9732 | $2.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 4147 | 16 |
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| Last trade - 13.33pm 13/09/2024 (20 minute delay) ? |
| ASB (ASX) Chart |