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$2.57 austal limited

Call me suspiciousBut I think its being manipulated so when a...

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Josh1993

99 Posts.

3

22/08/23

22:03

Post #: 69488531
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Originally posted by camban: ↑

What I’m not liking much is that since media reports emerged that the guidance revision coupled with required USN clearance for any major transaction meant that bidders were in retreat, the SP has consistently slid. As the counter to my comment above about a stealth attack, I think we also have to consider that instead of accumulation what we are presently seeing it could instead be slow methodical selldowns by the nominees who had been stockpiling on the basis that a takeover bid was imminent. If that is off the cards or on hold, they’ll be reducing in a way not to tank things too fast.

Austal has effectively remained silent all along on the prospect of a takeover bid (it hasn’t received one so understandably it can’t comment). This continuous SP slide over the past month is however becoming very unattractive!

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Call me suspicious
But I think its being manipulated so when a bid comes it'll seem like a sunshine, +40% upside ..
I still believe Aussie has a good future, better in a few years from now as new boats start being produced faster...
Annoyed I missed the high for sell for a little profit

ASB Price at posting: $1.98 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $2.57		Change 0.010(0.39%)		Mkt cap ! $931.5M

Open	High	Low	Value	Volume
$2.58	$2.59	$2.56	$260.4K	101.1K

Buyers (Bids)

No.	Vol.	Price($)
1	40	$2.57

Sellers (Offers)

Price($)	Vol.	No.
$2.58	2000	1

View Market Depth

No.	Vol.	Price($)
2	4000	2.500
4	12373	2.490
1	20000	2.480
1	692	2.470
2	1608	2.450

Price($)	Vol.	No.
2.590	11630	3
2.600	38805	12
2.610	415	1
2.620	9990	4
2.630	3220	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

ASB (ASX) Chart