ASB - Austal

[Snow Leopard]

These guys make big fast boats and other stuff.

FY14 EPS was 9c
FY15 EPS was 15c

Cash flow has been nice and they have been paying down their debt.

Share price got to $2.50 on a beautiful trend-line and then fell off a couple of cliffs and is currently trading around the $1.20 mark.

Analysts seem to be expecting an EPS of about 14c this year, slow growth after that and they are valuing the company up around the $2 mark !

So after my great success with IQE :t_down: I decided to buy another beat up stock with the aspiration that I can not do much worse on this one :mellow:.

You would not believe how many trade notification emails I have got; it seems some bots are dealing in $200 lots.

Best Wishes
Paper Tiger

PS: Austal was in the portfolio of the Experiment In Not Losing Too Much Money (http://www.sharetrader.co.nz/showthread.php?10186-An-Experiment-In-Not-Losing-Too-Much-Money)

[Snow Leopard]

Half year results (http://stocknessmonster.com/news-item?S=ASB&E=ASX&N=753526) were not too shabby were they?

Best Wishes
Paper Tiger

[blu3]

ASB was on my radar until the drop in December. As of you, you don't seem to care much about the “don't buy in a downtrend” adage, don't you? :)

Good luck!

[Snow Leopard]

ASB was on my radar until the drop in December. As of you, you don't seem to care much about the “don't buy in a downtrend” adage, don't you? :)

Good luck!

Do not buy in a downtrend is very good advice - I would recommend it to anyone as part of their strategy to making money in stocks

Downtrends end, uptrends end and there are trends within trends.

Best Wishes
Paper Tiger

Disc: I win some and I lose some.

[cloggs]

May this trend continue. Bought a few days ago after reading about this company a number of times. Tony Featherstone had an article in The Bull a few days ago so I went ahead and had the last 3 days increase from 127 to 147. Outstanding!

[Snow Leopard]

Thought it odd that thirteen dollars and ninety seven cents warranted a price sensitivity announcement (http://stocknessmonster.com/news-item?S=ASB&E=ASX&N=756993).

But apparently it is $13.97 million (http://stocknessmonster.com/news-item?S=ASB&E=ASX&N=756998) dollars.

Best Wishes
Paper Tiger

[Snow Leopard]

Significant jump in early trade (7+ %) - presumably based on the announcement yesterday (http://stocknessmonster.com/news-item?S=ASB&E=ASX&N=793667) that fills a gap in their timetable.

It is a bit of a rough sea, share price wise, owning this one.

Best Wishes
Paper Tiger

[Snow Leopard]

Nice boost in the SP today, presumably on the realisation that Trumps policies will require lots of Austal built boats to patrol the borders between USA and Mexico & Canada.

Best Wishes
Paper Tiger

[Snow Leopard]

Nice boost in the SP today, presumably on the realisation that Trumps policies will require lots of Austal built boats to patrol the borders between USA and Mexico & Canada.

Best Wishes
Paper Tiger

I will presume that today's 10%+ rise is not a delayed reaction to yesterdays half year announcement but based on the expected increase in defense spending across in La La Land beneath the Moonlight.

Best Wishes
Paper Tiger

[moka]

Found the thread for Paper Tiger because he has good news - googled "sharetrader austal"

[Snow Leopard]

Thanks moka.

I just wish I could remember what the good news was !

Though it was definitely something the market got excited about for about an hour and involved boats....

or was it ?



[https://stocknessmonster.com/announcements/asb.asx-6A862117/]

[Snow Leopard]

No posts from me in a long time about Austal which is probably because I sold my entire holding on 28-Feb-2018 and it has only come up as a buy candidate once since and I was too busy eating Durian Bread Pudding to bother with it.

Anyway today I received a letter from Austal's Registry dated 17-Sep telling me that I have been thrown out of the Dividend Reinvestment Plan.

The build boats quicker!