ASB 3.32% $3.06 austal limited

any views on this stock qm, page-3

  1. 11,543 Posts.
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    Springvale,

    I've just bought heaps over the past two weeks. I just cannot understand how apparently cheap they are. My only non resources stock of any significance.

    I am half expecting to find out some reason for the poor sp, but whatever it is I doubt it will justify just how low the sp is. I know there is doubt/uncertainty hovering over US orders, but they also seem to be moving forward with their facilities expansion in Alabama, have a very good order book in Aus, seem to have been addressing their WA skills shortage, have healthy margins, heaps of cash and retain their world leadership position. Heaps of bluesky also.

    What am I missing?

    EL
 
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$3.06
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$3.13 $3.13 $3.02 $1.363M 445.4K

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No. Vol. Price($)
17 9758 $3.05
 

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Price($) Vol. No.
$3.06 4165 13
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