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ASB $1.76

austal looking cheap ?

  1. alanab

    489 Posts.

    I noticed an announcement from ASB of a new $8m tender win for some Kuwait patrol boats yesterday which I would have thought was a good indication of their international competitiveness but it hasn't got the interest of the market at all.

    I know there is a cost blow out on the Greg Norman boat but this is a one off and doesn't to my mind justify the big price reduction recently.

    Any views on why no activity, perhaps waiting for the Australian Navy decision later in the year ?

    I have brought in @89c

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