Logic is and I may be wrong but this is my train of though
steel /alum price down over 30 % from highs
new contracts awarded would have been priced on higher base costs when the labour force was scarce and materials were sky-rocketing
Losses incurred recently would have been from the forementioned as the contracts would have been priced prior to these events.
Twiggy would have known this when buying into the business at level that he did. Going in at 1.80 is a solid floor.
Like you say, if a spanner is thrown in the works...different story..but as it goes... historically Asb has made money. With most of the price gouging out of the way, onward and upwards...I hope
Logic is and I may be wrong but this is my train of thoughsteel...
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Last
$2.30 |
Change
0.020(0.88%) |
Mkt cap ! $833.6M | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.32 | $2.25 | $925.7K | 404.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 31504 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 25016 | 2 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$2.29 |
Change
0.020 ( 1.01 %) |
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| Open | High | Low | Volume | ||
| $2.26 | $2.32 | $2.26 | 68645 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| ASB (ASX) Chart |