Nasty, my guess is its simply expected that they would produce successfully to specification and budget, i.e. there is very little or no operational execution risk priced into ASB because they perform consistently.
On the other, had the ann said that they reduced cost by, for example 10%, then that would be unpriced upside in the SP which would be recognised for future order deliveries, so the SP would go up accordingly.
Just imo.
Cheers, Sharks.
PS: I like ASB & keeping an eye on a trade for that gap up to $2.30.
Nasty, my guess is its simply expected that they would produce...
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$3.16 |
Change
-0.050(1.56%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.24 | $3.14 | $2.334M | 733.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6465 | $3.15 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 11605 | 4 |
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