On Friday afternoon, ABN Amro released a "Tech and Telco Watch" note which featured Adacel for the first time. The title of the paragraph devoted to ADA was "well worth a look", and was essentially a comment on the recent ASA contract. (There was a typo in the note: It claimed ADA's market cap is $91mill, when in fact ADA's market cap is only $61mill).
Often informal coverage is a prelude to formal coverage. Already, Intersuisse is formally covering ADA (with a buy recommendation on the stock). For a company of Adacel's size (and tiny trading volumes), having two large broking houses formally cover it would be a major achievement.
abn amro starting informal coverage
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Last
52.5¢ |
Change
0.025(5.00%) |
Mkt cap ! $40.01M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 57.0¢ | 51.0¢ | $35.91K | 66.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 953 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 35892 | 3 |
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| Last trade - 15.43pm 14/08/2024 (20 minute delay) ? |
| ADA (ASX) Chart |