ASX:ANG
Austin Engineering Ltd
Investment Summary
The fund managers believe that Austin Engineering Ltd (ANG) had a successful operational and share price performance in FY2024. Thorney Opportunities, which remains the largest shareholder, took the opportunity to realize some profits during this period. In their opinion, ANG is well-positioned for continued growth, with strong earnings potential for FY2025 and FY2026. The fund managers maintain their positive outlook on the company, confident in its ability to deliver solid performance in the near future.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Manager
Thorney
Date
30 Aug 2024
Price
$0.54
Medium
Annual Report
Commentary
Thorney Opportunities continues to hold its position in Austin Engineering Limited (ANG) following the company’s strong operational and share price performance in FY2024. During this period, the fund took the opportunity to realize some profits, yet it remains the largest shareholder in ANG. Thorney Opportunities maintains a positive outlook for the company, believing that ANG is well positioned to deliver strong earnings in FY2025 and FY2026. The fund remains confident in ANG’s prospects, supported by its solid performance and outlook for the upcoming financial years.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.