Australia's largest stock trading and investment forum Australia's #1 stock forum

ASB

Click for more information

1.28%

$2.38 austal limited

again look at the asset base…and sovereign intensity for...

First 14 Last

Share
Profile

Follow
Bullrush007

5,706 Posts.

679

31/01/23

18:41

Post #: 65986102
Share

Originally posted by enoonmai: ↑

Yeah thats an ugly chart alright.

ASB has promise, particularly with the support/servicing investments being made now and the OPC once its drumbeat is stable. The problem is that promise won't be realised for at least another 2-3 years - and obviously the execution risk.

If you look at the current building program, it is continually slowing. Time taken to get ships in the water then handed over and commissioned is blowing out.

The next 2 years at least will be tough going from a P&L perspective. Might be some upside with some additional contract wins like the Australian amphib contact or more importantly some ferries for the Philippines/Vietnam (maybe those Perth EV ferries??)

Looks about fair value here at about $600m.

Expand

again look at the asset base…and sovereign intensity for improvements in capability and capacity

Circa US$32billion is what is being pumped into 7 shipyards

this excludes the enormity of what is required in Oz

US is transparent, I’m expecting some massive things to come out of Oz! Oz is waaay behind in Naval operational readiness!

it’s a sovereign necessity that they focus on this rapid expansion!

ASB Price at posting: $1.66 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin: Current State of Play & Where to Next | Swyftx

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Revolutionary inverter technology leads the clean energy charge

Emerald & Azure score Digger & Dealer awards

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

There are more pages in this discussion • 7 more messages in this thread...

First 14 Last

Add ASB (ASX) to my watchlist

(20min delay)
Last $2.38		Change 0.030(1.28%)		Mkt cap ! $862.7M

Open	High	Low	Value	Volume
$2.38	$2.39	$2.35	$417.7K	176.0K

Buyers (Bids)

No.	Vol.	Price($)
1	50	$2.37

Sellers (Offers)

Price($)	Vol.	No.
$2.38	6355	1

View Market Depth

No.	Vol.	Price($)
1	4228	2.360
2	4530	2.350
1	517	2.320
2	925	2.310
4	2803	2.300

Price($)	Vol.	No.
2.390	927	2
2.400	4500	2
2.440	11500	1
2.450	17359	4
2.590	790	1

Last trade - 16.10pm 09/08/2024 (20 minute delay)

ASB (ASX) Chart