ADH is superbly managed.
ADH recruited a gun CFO from Country Road Group 2 years ago and he is kicking goals.
ADH has recently commissioned a new National DC that will service business growth for years.
ADH owns and controls its own brands, unlike TPW, and that means great gross margins
ADH has invested heavily in on-line over the last 6 years and reaped the rewards in FY'20 and FY'21 and for years to come.
The ADH board own more than $25million of shares in the company.
ADH will again be almost debt free at 30 Jun'22 despite paying a final $45m for Mocka in the last few weeks.
At the results announcement we know that states not locked up were showing good sales growth in the first 7 weeks of FY'22.
I topped up some weeks ago and will do so again if the SP falls any further.
ADH Price at posting:
$3.70 Sentiment: Buy Disclosure: Held
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