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.
Moving higher to 2.50, page-4
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Last
$2.34 |
Change
0.060(2.63%) |
Mkt cap ! $848.2M | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.37 | $2.06 | $2.457M | 1.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19772 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 4614 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ASB (ASX) Chart |