ADA adacel technologies limited

AGM statement

  1. 5,288 Posts.
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    Interesting how we went from being in the green to the Red by shareholders being very short termist.
    Negative is that growth in the 1H of this financial year will be weaker, but that's been fully explained by contracts being awarded earlier than anticipated

    Positives
    Growth "at least by" 10%
    Very Strong pipeline
    Optimism for earnings outlook

    So this is why we've had some weakness in the share price however as we all know, this company has a history under promising and over delivering. Could we meander around this price for the next few months - possibly, but not if, but when it kicks off with new deals in just a couple of months (we are already 5 months into the financial year), then I would expect us to see a strong rise in the price thereafter.

    Overall, I am relatively happy with this.
 
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Currently unlisted public company.

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