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Paul Papalia says South Australia isn't up to the job. Photo: Attila Csaszar

WA gets small slice of $89bn shipbuilding plan

Defence Issues Minister Paul Papalia says Western Australia has been dudded in the federal government’s $89 billion naval shipbuilding plan, of which WA will receive just over $3 billion of work, while the prime minister has lauded it as “unashamedly nationalistic”.

Mr Papalia told reporters today that only 4 per cent of the project would be carried out in Henderson, with Adelaide to take the lion’s share.

The program will produce 12 submarines, nine frigates and 12 offshore patrol vessels for the Australian Navy, as well as 19 Pacific patrol boats for neighbouring countries.

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Austal (ASB)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
152ndMonadelphous83%5%
181stSeven Group Holdings67%19%
188thRCR Tomlinson62%22%
490thSeven West Media-3%-10%
514thAustal-8%29%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/01/16
$4.6m Bought
04/09/15
$333k Sold
04/09/15
$7.2m Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

3rd-Seven Group Holdings$2,340.3m
4th-Seven West Media$1,679.0m
5th-Austal$1,325.3m
6th↑RCR Tomlinson$1,294.6m
7th↓Monadelphous$1,252.1m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Austal

41stDavid Singleton$563k
225thGreg Jason$530k
562ndJohn Rothwell$250k
Ranked by total remuneration from all listed WA companies

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