FY21 Result: the full year results looks to have come in above expectations for the shipbuilder Austal. Revenue was in line at $1.57b, while NPAT fell to $81.1m during the year, it was ~5% above expectations. Recent news flow has been positive for Austal, winning a number of contracts and slowly working through historical issues with the US Navy. Guidance implies flat revenue in FY22, though this number has been propped up by using AUDUSD price of 75c, ~4% above where the currency currently trades. ASB was trading down 8.37% at the time of writing
scroll
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Performance update for March, stocks that drove returns & our current positioning
Close
Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
Friday 19th April – DOW up 22pts, SPI down -55pts
Close
MM remains long and bullish ASB
Add To Hit List
Related Q&A
Thoughts towards Austal (ASB)
Thoughts on ASB after its downgrade?
Thoughts on Capitol Health, Austal and Standline Resources?
Austal (ASB) – is it a buy?
Is Austal a takeover target?
Austal (ASB) share price decline
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
LISTEN
Friday 19th April – DOW up 22pts, SPI down -55pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.