No I don't short as a rule. Too risky.
I am a holder who is simply trying to re-evaluate my investment. To me this company is quite simple, when the LCS contracts ran into the 2020's and we looked a good chance of winning maintenance work on the ships then the stock should be north of $2. Without that then its maybe a tad expensive at the moment.
Current valuation would require about $35 mill NPAT into the foreseeable future. No US Navy contracts makes that tough as I am not sure of the margins on the OPV which I am confident ASB will build but apparently not design and the PPBs are only a $300 mill contract.
I want this company to succeed I'm just not sure if they are master of their own destiny.
Ann: Australian Shipbuilding wins 2 new export orders-ASB.AX, page-7
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Last
$3.17 |
Change
0.080(2.59%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.20 | $3.03 | $6.129M | 1.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5788 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 597 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
