ASB 0.32% $3.14 austal limited

enoonmai, I think you are right the potential sale of the stock...

  1. 33 Posts.
    enoonmai, I think you are right the potential sale of the stock boat is not fully or not at all priced in. This boat is in the books at about $70 million and the potential sale price is about $60 million. Hence the $10 million write down of inventory in the last half. If the sale goes thru, Austals infrastructure debt will be close to zero and we can look forward to an early resumption of dividends. If the sale does not go thru Austal will keep the $3.6 million option fee and I still expect dividends to start for the 14/15 year
 
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