Small Cap Stocks Down Under 29 January 2021: Austal (Individual Edit Edition)

Austal (Individual Edit Edition): 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.

Small Cap Stocks Down Under Edition 17 - 29 1 2021 - ASB