I agree .. canary in the coal mine was the failure to provide revenue update at FY presentation.. they have 3.1B of contracts in their order book.. thats 2 years of revenue at current rate spanning over 3-4 years.. they need to secure more contracts.. Future projects for the US and AUS governments look promising and ASB are in a good position to win contracts however they are yet to be a done deal...
FY15 presentation advise that their will margin improvement with the next phase of LCS builds now its been moved further down the track.. surely they would of known this would be the case..
My gut feel is this the next bad news will be revenue update and or 1/2 revenue.. they hopefully waiting for some contract news before announcing this...
Short term downside long term good company..
Ann: US Shipbuilding Progress Update, page-22
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Last
$3.16 |
Change
-0.050(1.56%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.24 | $3.14 | $2.334M | 733.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6465 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 11605 | 4 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
