I must say, for a stock that still appears to have reasonable growth prospected it does look to have been sold down to cheapish levels. Maybe market disappointment over the LCS not proceeding took a while to work its way through the share price.
I guess the big risk lies with the commitment to expand the US facilities, with at this stage their not being the firm work for it. Having said that, they have a bit of time on their side. Any semi-major success in the US, including being successful in the Joint High Speed Vessel, should see this back above $3 IMO.
I put a few dollars into ASB yesterday.
MJS
I must say, for a stock that still appears to have reasonable...
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Last
$3.15 |
Change
0.000(0.00%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.18 | $3.14 | $1.165M | 369.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 17415 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 172 | 2 |
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| Last trade - 14.59pm 03/12/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
