Must read for any shareholder imo. Bold and in-depth predictions here that Twiggy may take control:
https://www.forbes.com/sites/craighooper/2022/09/14/austal-in-play-australian-billionaire-andrew-forrest-eying-big-naval-shipyard/amp/“...Since the formal AUKUS announcement a year ago, Tattarang has quietly and relentlesslyboosted its positionin Austal. A modest 5% stake in April 2022 grew to a 7.5% position in May, then to a 13.8% holding by June, and finally, by early August, to a hefty 15.3% slice of the company. The stake has already made Forrest a small fortune, and even though Austal stock has increased by about 24% since July 2021, Forrest is showing no sign of taking any gains.
Given Austal’s current market capitalization of around $920 million, Forrest’s total investment is likely in the vicinity of $140 million.”
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Must read for any shareholder imo. Bold and in-depth predictions...
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