ADA adacel technologies limited

Ann: FY2019 Earnings Guidance, page-4

  1. 623 Posts.
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    From last months announcement -
    If buy-back is an on-market buyback - highest and lowest pricepaid
    highest price: $1.855date: 12 June 2018
    lowest price: $0.6075date: 28 November 2018

    I've been following ADA since Intelligent Investor coverage (with an eye to buying in)
    It seems management & attention to detail, has been poor.
    Today's guidance only 3 weeks after buying back shares at almost 5 x of today's SP is an example bad management of capital. (they would have known about project delays & lower orders)

    Disclosure : I an NOT shorting this stock.
    GLTA S/H & I hope this business turns around - I've had my losses on other shares where management hasn't been totally honest (BDR, TIM, GTP etc, etc)
 
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