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Austal

 

Buy Austal shares

AUSTAL (ASB) Shares

ABOUT AUSTAL

Austal Limited is an American, Australian-domiciled global ship building company and defence contractor that designs, constructs and supports defence and commercial vessels.

Their range of products includes naval vessels, high-speed passenger and vehicle ferries and specialist utility vessels such as offshore windfarm and crew transfer vessels. The company develops and supplies vessel platforms.

Austal Limited was founded by John Rothwell in Perth, Western Australia in 1988 to build high quality commercial vessels for the international market.

The company has designed and constructed vessels for numerous customers from the Australian Border Force, Condor Ferries, Mols Linien of Denmark, the Royal Australian Navy, the Royal Navy of Oman and the United States Navy.

Their corporate headquarters are in Henderson, Western Australia, and Mobile in Alabama, USA.

OVERVIEW OF AUSTAL

  • Today, Austal Limited is a global shipbuilder and defence prime contractor, leading with customised vessels.
  • The company has three major ship building facilities: Defence vessels are constructed in Henderson, Western Australia and Mobile, Alabama.
  • Commercial vessels are built in Balamban, Philippines. Austal Limited has delivered more than 300 vessels from seven shipyards in five countries for 100 operators in 54 countries around the world.
  • It employs more than 5 700 employees and provides vessel maintenance and management services through sophisticated vessel command and control systems, communications and radar systems and information management systems.

VISION & VALUES OF AUSTAL

  • Austal Limited global team is guided by a universal set of values reflected in all their decisions and actions and providing the greatest benefits for their shareholders, customers, employees, suppliers and communities that they serve.
  • Those values include striving for excellence in customer relationships, innovative designs, productivity, safety and quality standards. Integrity, respect, honesty and transparency are expected in every interaction with customers, employees and suppliers and the company beliefs that by working as a team they can achieve more.
  • Austal Limited follows this value chain to ensure that current and future needs of both customers and shareholders who purchase shares with the company are met and the value of returns, income levels, growth and capital appreciation for shareholders are maximised.

MARKET PERFORMANCE OF AUSTAL

  • Austal Limited’s shares trade on the Australian Securities Exchange (ASX) under the stock symbol ASB, listed in the Industrials sector.
  • Highlights of the company’s performance, as contained in its annual report for 2019 reflect the continued strong contribution from the USA shipyard. Austal Limited delivered record results including net profit after tax of US Dollar 61.384 million, 63.5% higher than the prior corresponding period (pcp) and EBITDA of US Dollar 135.001 million, up 33.9% on the pcp.
  • This is the third time in the company’s history and the second year in a row that EBITDA has exceeded the US Dollar 100 million mark. These earnings were generated off a record US Dollar 1,852.074 million in revenue, with 79.5% of that revenue coming from the USA shipyard.
  • Due to Austal Limited’s continued good performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy AUSTAL stocks / shares – A Step by Step Guide how to Buy / Purchase AUSTAL Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy AUSTAL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN AUSTAL STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE AUSTAL STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of AUSTAL stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy AUSTAL stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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