My guess is that ASB will need a cap raise to fund the new yard construction in Mobile.
There are a few news articles circulating which suggest that ASB will spend approx. $300m to develop new yards (presumably for the submarine and aircraft carrier contracts). Articles suggest build will be complete in 2025.
While I would be much more comfortable if this could be debt funded I suspect that a decent equity raise is coming our way. Hopefully not at too much of a discount but expecting shareholder best interests is a bit of a stretch these days!
Thoughts anyone?
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Last
$6.46 |
Change
0.155(2.46%) |
Mkt cap ! $2.727B | |||
| Open | High | Low | Value | Volume |
| $6.30 | $6.48 | $6.26 | $4.953M | 774.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 5935 | $6.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.46 | 7358 | 19 |
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| Last trade - 15.25pm 30/07/2025 (20 minute delay) ? |
| ASB (ASX) Chart |