I jumped in on the announcement too. Been on the watchlist for around 6 months. Seems solid support at the 1.60-65 level and I was waiting for some upward momentum to indicate the selling pressure had abated.
Fundamentally I also like the look of the numbers but the operating margins is the concern ( others here no doubt have been following that a lot more closely and know more in depth on the books and forward projections). I am assuming lessons have been learnt and any new work awarded would have the increasing costs built into the tender so they come out with a positive outcome. Again, assuming a rerating of SP occurs with market sentiment also concluding this.
Is it "cheap" though - time will tell as always. This is a trading parcel for me and if the fundamentals improve from here- I'll look to go more long term with ASB.
I jumped in on the announcement too. Been on the watchlist for...
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Last
$3.15 |
Change
-0.060(1.87%) |
Mkt cap ! $1.141B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.22 | $3.15 | $2.789M | 878.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1999 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 824 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ASB (ASX) Chart |