ASB 0.42% $2.38 austal limited

Cheers, I admit that I have also been critical of their quotes...

  1. 3,591 Posts.
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    Cheers, I admit that I have also been critical of their quotes and contracts etc. But, too be honest, they have a strong balance sheet, have paid dividends over the years, have little debt considering the capex that they have outlaid over the journey and a big chunk of their equity is retained profit.

    So, they have made mistakes, including some big ones, but they must have done a lot right as well. That is why I keep coming back to buy them.

    This must be a brutal sector. They rely on politicians here and overseas- who make beautiful speeches and issue reports about how important the sector is- and how important it is to keep shipyards and workers in steady work etc etc. We know how that goes.

    And tomorrow I shall hold forth on their faults again...

    IMHO DYOR
 
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