ASB will need considerable good news before it bounces back. There is negative sentiment around the future of the LCS program , politics etc. just google recent articles on Austal.
When Austal announced winning of an additional contract recently the share price jumped 8c. Then slumped every day after. Change of directors : %30 drop.
Good news is insignificant and any bad news is turmoil.
Long term may be different but in the short run there are huge opportunities in other sectors where the probability of success and growth is greatly increased.
DYOR but don't be married to a stock. If the outlook is in doubt then move over to something more promising in the meantime. My humble opinion.
Austal may become sole LCS producer, page-23
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$2.27 |
Change
-0.070(2.99%) |
Mkt cap ! $822.8M | |||
| Open | High | Low | Value | Volume |
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