Hi BoaterInteresting to see that major funds manager, FMR,...

Hi Boater

Interesting to see that major funds manager, FMR, bought in at 50-66 cents up to the end of March, then added another 5 million shares at 67-69 cents in the six weeks to 10 May. So FMR now hold nearly 23 mill shares, or 5.6%.


For a major fund to continue buying at current prices suggests that they believe the price has a long way to go.

ASB seem to have a few good levers for next year:

large increase in number of ships completed

expected significant construction efficiencies as more are built

as you say, possible benefits from a lower A$ and

strong tie-in for the long term with the US Navy by providing R&M facilities in Singapore, Thailand and Vietnam.