I, along with others have posted that ANG posted a pretty good result this morning albeit a bit below some analysts estimates. Despite this the SP got smashed and has only partially recovered. This is a firm that produces essential mining equipment and is not only the biggest of its kind in the world... but arguably the best. We can know this as the CEO spoke about the number of brand new customers placing orders, along with 'old customers returning to Austin'. These facts speak for themselves.
All 4 factories are dong well with North America the standout. Revenue in 2H25 will jump considerably from 1H with Austin now holding an incredible 220m in firm orders i.e. deposits paid. Yes we are a small-cap but FY revenue of around 380m is not to be sneezed at at especially when accompanied by decent margins.
Yet the SP continues to fall and fall despite some of the very best metrics/ratios on the ASX... bar none. So it raises the question: Has the very low SP made ANG a prime target for bigger manufacters in the mining arena? Afterall ANG has excellent penetration across the globe bar Africa. India is now a recent addition and placed some decent size orders.
Does anyone think a TO is plausible? Time will tell but I'm not selling a single share below 51c. None.
ANG Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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