Hi Kickit2me, appreciate the reply.I just refuse to believe that...

Hi Kickit2me, appreciate the reply.

I just refuse to believe that this is fundamental. Yes the US defense department has scaled back on some expected future windfalls but only for now. No Austal revenue will be affected, only contracts that had not even been awarded yet.

And since August, this is what Austal have announced.

$330m contract for 8 Cape Class patrol boats for Australian customs.
The purchase of a shipyard in the Phillipines enabling ASB to be more competitive in the commercial vessel market.
1/5mUSD Navy maintenance contract.
Tendered for an RAN contract worth $300m
Additional LCS maintenance contract USD8m
$30mUSD extended charter of the Westpac Express for the US Marines.
$4mGBP for wind farm vessel build and charter.....and yesterday
35mEur for new vehicle ferry.

I almost got dizzy getting all that out.

Equity wise, there was big purchase at 2.05 by a super fund. Are they stupid?

Technically it's a bit of a joke. Obviously bots have been all over it for months. What are they doing? There's only 2 choices, accumulation or distribution. Ok so where are they distributing from, have they held stock for over 2 years just for this chance to sell at a greatly reduced price?
I knew we'd go under $2 unless buyers turn up, and we only dropped on close thanks to a retail nobody who was willing to go to 1.86. Herd stuff.

If I'm forced to get out and into something rising I will, but I won't go away.

Bottom line, the sp is at a lower price than it was before we even knew Austal would get any Navy work. Everyone is being played imo, let's see.