ASX:ANG
Austin Engineering Ltd
Investment Summary
The fund managers believe that Austin Engineering Ltd is on a positive trajectory, reflecting its strong operational and share price performance in FY2024, with a share price of approximately $0.54. In their opinion, the company is well-positioned to deliver robust earnings in FY2025 and FY2026. Notably, fund manager Thorney has taken the opportunity to realise some profits while maintaining their position as the company’s largest shareholder, which signifies confidence in Austin Engineering’s future prospects. The overall sentiment among fund managers remains optimistic, underscoring the potential for continued growth.
Commentary From The Managers
Thorney
30 Aug 2024
$0.54
- Thorney continues to hold its investment in Austin Engineering Ltd (ASX: ANG).
- ANG performed well operationally and in share price during FY2024.
- TOP has realised some profits but remains the largest shareholder of ANG.
- Thorney retains positive sentiment towards ANG.
- ANG is positioned to deliver strong earnings performance in FY2025 and FY2026.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.