Twiggy has been quietly buying up 8% of this ASX-listed company. Why?

Twiggy has been snapping up shares in this company…

| More on:
A man looks surprised as a woman whispers in his ear.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • Austal has welcomed a new substantial shareholder to its share register
  • Twiggy Forrest's investment vehicle Tattarang Ventures has acquired an 8.1% stake
  • Tattarang described Austal as a “leading example of Australian ingenuity”

The Austal Limited (ASX: ASB) share price is edging higher again on Wednesday morning.

At the time of writing, the shipbuilder's shares are up 0.5% to $1.91.

This means the Austal share price is now up by almost 8% since this time last week.

Why is the Austal share price rising this week?

The catalyst for the rise in the Austal share price this week appears to be news that Andrew "Twiggy" Forrest has been building a position in the shipbuilder.

According to a substantial shareholder notice, Twiggy's investment vehicle, Tattarang Ventures, has become a major Austal shareholder this week.

The release advises that Tattarang acquired an economic interest in 17,731,049 shares (the equivalent of 4.9% of Austal's shares on issue) pursuant to a cash-settled equity swap transaction. This was at an average price of $1.905 per share, which equates to a total consideration of approximately $33.8 million.

In addition, through a series of on-market purchases of Austal shares up to Monday 28 March, Tattarang acquired a further 11,495,771 shares for a total consideration of approximately $20.7 million or an average of $1.801 per share.

All in all, this gives Twiggy's investment vehicle an 8.1% interest in the shipbuilder.

Why is Twiggy buying Austal shares?

With the Austal share price losing over half of its value since peaking around $4.50 in September 2019, Tattarang appears to have seen this as an opportunity to snap up a major interest in a company it described as a "leading example of Australian ingenuity".

Courtesy of the AFR, Tattarang's chief investment officer John Hartman said: "Austal is a leading example of Australian ingenuity and Tattarang is pleased to join the Perth-based company's register as a long-term investor."

Time will tell if Twiggy has made the right call, but you'd be brave to bet against him.

Should you invest $1,000 in Telstra Corporation Limited right now?

Before you buy Telstra Corporation Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Telstra Corporation Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Austal Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Industrials Shares

Male and female workers at a steel factory.
Industrials Shares

4 reasons this $10 billion ASX 200 stock can keep charging higher into 2026

A leading expert forecasts ongoing earnings growth for this top ASX 200 stock.

Read more »

A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
Industrials Shares

Why this ASX 200 stock could rocket 36% despite Trump tariff headwinds

A top broker forecasts this global ASX 200 industrial share could surge 36%. But why?

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

Top broker forecasts this quality ASX 200 dividend share could surge 45%!

A leading broker forecasts outsized gains ahead for this high-yielding ASX 200 dividend stock.

Read more »

Australian notes and coins symbolising dividends.
Industrials Shares

ASX 200 dividend stock reveals next quarterly passive income payout

The ASX 200 dividend stock announced its quarterly results and latest passive income payout.

Read more »

Senior man wearing glasses and a leather jacket works on his laptop in a cafe.
Industrials Shares

A top broker says this ASX 300 share could deliver a 21% return

This business could deliver tasty returns according to one expert…

Read more »

A plumber gives the thumbs up
Industrials Shares

How will Reece navigate Trump's tariffs according to Macquarie?

This ASX industrials company could be uniquely positioned in an uncertain market. 

Read more »

A man reacts with surprise when her see a bargain price on his phone.
Industrials Shares

Why this fund manager likes this beaten-up ASX 200 share

Investors could build good returns with this stock.

Read more »

Young man collecting water leakage in bucket while calling plumber on smartphone.
Industrials Shares

At a 5-year low, is this ASX industrials stock bargain of the year?

With so many ASX stocks in the red, is this industrial stock a buy low candidate?

Read more »