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
$6.30 |
Change
0.220(3.62%) |
Mkt cap ! $2.653B | |||
| Open | High | Low | Value | Volume |
| $6.05 | $6.30 | $6.02 | $4.234M | 680.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4261 | $6.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.30 | 11328 | 8 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| ASB (ASX) Chart |