Well its not like winning the OPV bid, but the profit margin on this sale must be substantial. The last 2 sales to the Navy of Cape class was at $63 mill, hopefully the extra $37 mill is additional profit. I cant see how it wouldn't be. Clearly the lack of share price movement suggests the worries of no OPV or US or Australian future frigate involvement is a big one.
I also hope the sustainment contract is a good one too.
Maybe this is the Govt's way of saying sorry about OPV and Future Frigate. I wonder if the Aust Govt will fiund a few more of these for small nations to throw a few more bones at ASB?
There was also supposed to be the purchase of maybe a ferry or two from the T&T Govt so that could be another small win if ASB is lucky.
Anyway, those are my thoughts.
Ann: Austal wins Patrol Boat Contract, page-2
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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 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ASB (ASX) Chart |