ASB 0.81% $2.46 austal limited

Many negative surprisings since LCS contracts

  1. HSP
    5,051 Posts.
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    Many negative surprisings since LCS contracts
    SP even dived to $0.50
    eg
    on 25/5/11, released the guidance, sp dived
    on 19/8/11, released the FY result, sp dived
    on 22/11/12, capital raising, sp dived
    on 10/12/15, released the update, sp dived
    on 11/1/16, changed CEO, sp dived
    on 4/7/16, released the guidance, sp dived

    LCS contracts were huge turnover with low margins
    It would be disaster if one of LCS contracts went to wrong

    (holding short position)
 
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