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ASB, AUSTAL LIMITED
mullokintyre
post Posted: Jul 21 2020, 03:50 PM
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Tasmanias decision to look at OZ companies to build replacements for the bass strait crossing ferries may be a boost for Austral.
From ABC NEWS
QUOTE
The State Government has ditched plans to build the replacement Spirit of Tasmania ships overseas, in favour of finding a local builder.

Key points:
The two Spirit of Tasmania ferries are due to be replaced by 2028
The Tasmanian Government had a memorandum of understanding with a Finnish company to build the new vessels, but has now pulled out of this agreement
A taskforce will spend three to six months looking into Australian building options
Premier Peter Gutwein today said the Government had pulled out of its memorandum of understanding (MoU) with Finnish company Rauma Marine Constructions (RMC) and would instead set up a taskforce to investigate options within Tasmania and Australia.

"On one hand we have a decision whereby we could see more than $850 million invested in a European country, supporting European jobs, providing what would without doubt be an excellent product," he said.

AB has recovered barely half the price drop that occurred after the COVID 19 induced Feb/Mar crash.
Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Aug 30 2019, 04:01 PM
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QUOTE
shipbuilder Austal has soard to a record high, after flagging a $4.9 billion order book for the year ahead, up from $3bn last year, with 58 vessels under construction or scheduled.

Austal chief executive David Singleton called it the aluminium shipbuilder’s best year ever, with full-year profit up 64 per cent to a record $61.4 million. Revenue for the 12 months to June 30 jumped 33 per cent to $1.852bn, with four-fifths coming from the US.

Mr Singleton said Austal USA was the “powerhouse of the business,” and increasingly seen as an important component of US national defence. The US Navy has ordered a total of 33 littoral combat ships and expeditionary fast transport ships from Austal, 20 of which have been delivered, including three last year.

In mid-afternoon trading, the stock hit all time highs of $4.23, up 15 per cent



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jan 29 2019, 01:59 PM
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US regulators follow ASIC in probing Austal disclosures on littoral combat ship cost blowout
Peter WilliamsThe West Australian
Tuesday, 29 January 2019 1:17PM
QUOTE
Austal has revealed that American regulators are also investigating the shipbuilder over market disclosures related to a cost blowout on warships it manufactures for the US Navy.

The WA company last week said the Australian Securities and Investments Commission was looking into market announcements it made three years ago over earnings from the littoral combat ship program.

The disclosures under review led to a June 2016 warning by Austal of a $122 million annual loss.


read more - https://thewest.com.au/business/manufacturi...-ng-b881088109z

The plunge in 2016 "The fiscal 2016 loss, which triggered a share price plunge" can be seen on this chart below
Total short positions as at 22 January 2019 = 0.18%
https://www.shortman.com.au/stock?q=asb
SP down 2.58% @ $2.075
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 23 2018, 09:15 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Sep 19 2018, 11:36 AM

Updated chart - SP currently $2.04/share
https://www.shortman.com.au/stock?q=asb

Article re recently delivered 30-meter high-speed aluminum catamaran for VS Grand Ferries of the Philippines.
https://www.marinelink.com/news/highspeed-c...vs-grand-441475
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 19 2018, 11:36 AM
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In Reply To: blacksheep's post @ Dec 12 2017, 10:23 AM

Another nice contract pick up - AUSTAL USA AWARDED LITTORAL COMBAT SHIPS 32 & 34 - SP currently up 1.56% @ $1.95

QUOTE
Austal Limited (Austal) (ASX: ASB) today announced that it has been awarded construction contracts by the U.S. Navy to build two additional Independence class Littoral Combat Ships
These ships will be the sixteenth and seventeenth ships in the class.

The specific value of each contract is under the congressional cost cap of US$584 million per ship (circa A$1.6 billion for both vessels).

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 12 2017, 10:23 AM
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Posts: 6,791
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Austal signs MoU for S.Korea-to-Japan passenger ferry

QUOTE
“This announcement caps off a great 2017 for Austal, a year in which we have had record orders for our commercial business,” Austal vice-president of sales and marketing Ben Marland said.

“Following our recent contract announcement with Fred Olsen SA for two 117m trimaran ferries, we are very excited about the possibilities for this new vessel.”

https://thewest.com.au/business/manufacturi...y-ng-b88686938z
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Nov 24 2017, 08:08 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 24 2017, 01:32 PM

The Navy's shipbuilding deal is more complicated and costly than it looks
By national affairs correspondent Greg Jennett
Updated about an hour ago

QUOTE
There are no shipwrights in the Australian Cabinet, but what knowledge the ministers lack in the process of cutting and welding steel is more than made up for by the legal, financial and political nous assembled around the table.

It shows.Much massaging, slicing and dicing has gone into the calibrated decision to give the Navy its $4 billion fleet of 12 Offshore Patrol Vessels (OPV) — first from one production line in Adelaide, then two years later transferred 3,000 kilometres west to Perth.

QUOTE
In choosing to build the remaining 10 copies of the Lurssen ship in Henderson, the west coast gets a solid long-term investment in naval shipbuilding capacity.

After that, the decision is confusing, potentially costly and completely contrary to the arguments Defence has been running in its preparation for the next, much larger fleet of Frigates — valued at $35 billion.

From today's announcement, the OPV project will involve a web of forced "marriages" between the German company Lurssen as prime contractor and three builders it has never produced a ship with.

A heavy bet is being made that the Germans will seamlessly work with the Adelaide yard, ASC — famously described as incapable of building a canoe — then leave and start second time around with two new partners in the west, Austal and Civmec.

In Austal's case, it has never worked with Lurssen and never wanted to in the bidding process.

Its chief executive David Singleton has previously argued to a Senate committee that when it comes to the Future Frigate programme, "an Australian shipbuilder or shipbuilders should take overall responsibility for the ship class".

http://www.abc.net.au/news/2017-11-24/why-...t-looks/9190666




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 24 2017, 01:32 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 23 2017, 10:55 AM

Everyone got a slice of the pie it seems. ASB currently up 13.88% @ $1.90/share

Austal, Civmec both selected for $4b patrol vessels contract
Peter Williams
Thursday, 23 November 2017 11:54PM
QUOTE
Rival WA manufacturers Austal and Civmec will both be involved in the $4 billion offshore patrol vessel program, the Federal Government said today.
The Government has chosen German designer Luerssen as the prime contractor for the project.

Austal, Civmec and Government shipbuilder ASC would all play a part in building the 80-metre vessels, Defence Industries Minister Christopher Pyne said.
ASC would build the first two vessels in Adelaide from next year, while Austal and Civmec would produce the 10 remaining ships in Henderson from 2020.
Austal had partnered with another German designer, Fassmer, for the bid. Civmec and ASC had teamed up with both Luerssen and Dutch bidder Damen.
Mr Pyne said the Government had decided to use all the capabilities available in Henderson to build the ships.

“We haven’t swapped one and the other. We’re using all the resources that are available to us which is an intelligent way to approach wanting to build a sovereign Australian shipbuilding industry,” he told reporters in Canberra.

read more - https://thewest.com.au/business/manufacturi...t-ng-b88669740z



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 23 2017, 10:55 AM
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Posts: 6,791
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All eyes on this one tomorrow. SP was down considerably ahead of TH. Should ASB win, that could reverse, if they don't ???

QUOTE
WA shipbuilder Austal has put its shares in a trading halt ahead of an anticipated announcement about the $3 billion offshore patrol vessel program.

Prime Minister Malcolm Turnbull’s powerful National Security Committee sat yesterday to mull the Defence Department’s recommendation regarding the program’s three bids.
Austal has partnered with German design bidder Fassmer to build the 12 vessels for the Royal Australian Navy
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“Austal Limited requests a trading halt in its securities pending an announcement in relation to a material government shipbuilding contract,” the company’s announcement to the Australian Securities Exchange said.

Under ASX rules, the shares will be halted until Friday morning or when the OPV announcement is made.


https://thewest.com.au/business/contracting...s-ng-b88667907z
https://www.shortman.com.au/stock?q=asb
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jun 26 2017, 11:24 AM
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Posts: 9,152
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Austal has won a $779m contract to build a 14th Littoral Combat Ship for the US Navy.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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