Just getting back to levels before the post-dividend profit strippers left and the doom merchants briefly arrived. A few months ago the company founder bought another million dollars worth of shares on-market at $2.20, and two other directors topped up in June when it dipped below $2.10 - hard to see this as a sign of anything but optimism from insiders. The company may be in a slow lead time sector but shipbuilding is not a sunset industry and it’s defence credentials and commercial track record are well established.
The company has plenty of cash and if the Subic Bay deal completes shortly - as diplomatic channels have long rumoured - with a competent and well capitalized partner alongside, then IMO Austal’s share price should get some good sustained uplift.
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Last
$5.91 |
Change
0.080(1.37%) |
Mkt cap ! $2.489B | |||
| Open | High | Low | Value | Volume |
| $5.76 | $5.97 | $5.71 | $4.978M | 843.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1271 | $5.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 1008 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| ASB (ASX) Chart |