Small Cap Stocks Down Under 29 January 2021: Austal, Seafarms Group, Acrow Formwork and Construction Services
Austal: In arms we trust
In today's edition of Small Cap Stocks Down Under, headquartered in Perth, Austal is a global shipbuilder and designer for commercial operations and the police and militaries of the world. Austal has seven shipbuilding facilities in four countries: Australia, the United States, the Philippines and Vietnam. The majority of this company’s revenue is directly related to defence contracts. Indeed, in FY20 it was 85%. FY20 might have seen a significant increase in Asian maritime instability and the stock has been even riskier ending 2020 down around 30%. We believe this just proves that markets are not always efficient.
Also in today's edition, a look at prawn producer Seafarms Group (ASX: SFG) and formwork, scaffolding, and construction screen provider Acrow Formwork and Construction Services (ASX: ACF).
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Click here to read the previous edition of Small Cap Stocks Down Under published 22 January 2021