ANG 1.72% 57.0¢ austin engineering limited

News: ANG Austin Engineering Posts FY Statutory NPAT Of A$7.1 Million, page-7

  1. 129 Posts.
    Don't know much about the guy but in a boom market they should be killing it. I remember this company once had revenue close to 500 m but they keep saying they are now achieving records. Not sure what to believe from these guys. I have a friend that works for Thiess in Indonesia, he tells me they are renting half the new workshop Austin has in Batam. Not sure that is inline with what they are telling us! Maybe his 3 year contract(up next year) and his options at $0.13 with only the share price a hurdle has something to do with it?? Alot of their issues i believe are inexperienced people, despite this i have no doubt they will improve the results this year as it is still boom time and their competitor Schlam is booked until March next year(from their rep onsite).
    Not sure the share price will go to the heights it used to be but we can hope for a further boost
    .
 
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