ASB 0.00% $3.15 austal limited

Fortunately it didn't get smashed quite that much today.So now...

  1. TTH
    1,252 Posts.
    Fortunately it didn't get smashed quite that much today.

    So now we know why the sudden drop from 2 weeks ago. Presumably today's news (ASB not getting the 2nd LCS contract due to issues with fixed-pricing) was leaked at that point in time, a rumour that probably would have circulated amongst the brokers, unfortunately not passed on to regular punters.

    It was a terrible day for such an announcement, with the ASX down over 2% after a shocker overnight in the US / Dow Jones.

    Let's hope today's price is as far as it drops (or at least not too much further), and that other non-war related orders come through as well as future US-Navy work.

    Cheers.
 
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