It seems like the market is largely forgetting or unaware of the fact that they are obtaining much of their growth from the US Navy's littoral ship program, which is currently under review due to various senators complaining about how the ships are unfit for purpose. Austal and Lockhead Martin were initially going to build 52ish; then late last year they cut this back to 32. And further cuts are very possible.
The Navy was going to buy 2 ships from both austal and Lockheed Martin in 2015 - however a few weeks ago this order was reduced to one per vendor.
I imagine that may impact some of the investors valuations. They didn't release this to the market (it's everywhere in the News) so maybe some investors are slow to catch onto this news...
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Last
$3.19 |
Change
0.030(0.95%) |
Mkt cap ! $1.072B |
Open | High | Low | Value | Volume |
$3.10 | $3.19 | $3.10 | $2.772M | 880.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1185 | $3.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.19 | 1700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5839 | 2.140 |
2 | 8947 | 2.130 |
10 | 45269 | 2.120 |
4 | 23275 | 2.110 |
10 | 120548 | 2.100 |
Price($) | Vol. | No. |
---|---|---|
2.160 | 31553 | 7 |
2.170 | 3763 | 1 |
2.180 | 8856 | 1 |
2.200 | 5400 | 1 |
2.220 | 10035 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
ASB (ASX) Chart |