Austal: full steam ahead Designer and manufacturer of defence and commercial ships, Austal (ASX: ASB), on Friday experienced one of its key catalysts that we...

Wilson Asset Management

Wilson Asset Management

Austal: full steam ahead Designer and manufacturer of defence and commercial ships, Austal (ASX: ASB), on Friday experienced one of its key catalysts that we had discussed in our recent investor roadshow. US Secretary of Defence, Chuck Hagel announced that the Navy is to move forward with the expansion of its LCS (littoral combat ship) program. We continue to like the longer term fundamentals of this business and look for more of our identified catalysts to be realised going forward. The shares closed up 4.9% on Friday. We own ASB in the investment portfolio.


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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