Ben Clark is a fund manager with TMS Capital. He was on Livewire today. May be AD8 is not all unloved afterall.Audinate (ASX:AD8)
Vishal Teckchandani: Okay. It's that time of the episode where our guests reveal their two secret pandemic-resistant stocks. Ben, what have you got for me today?
Ben Clark (Buy): I'm going to go for Audinate, which has just done a raising. This is the globally number one player in digital media networking. So they supply a lot of the hardware and software that is needed for it. They have been hit by COVID, but they raised about $30 million bucks recently, and what they're going to be using those funds for is R&D to develop new products that is going to benefit the COVID environment. So, that's helping their customers deal with employees working remotely, customers buying remotely, online learning. They've got $50-odd million in cash on the balance sheet, their EBITDA positive, great management team, and they're growing eight times faster than their nearest competitor. Truly a great business.
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Last
$8.14 |
Change
-0.340(4.01%) |
Mkt cap ! $673.1M |
Open | High | Low | Value | Volume |
$8.34 | $8.62 | $7.97 | $6.454M | 787.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 31 | $8.14 |
Sellers (Offers)
Price($) | Vol. | No. |
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$8.15 | 192 | 4 |
View Market Depth
No. | Vol. | Price($) |
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6 | 514 | 8.120 |
6 | 1001 | 8.110 |
6 | 1028 | 8.100 |
7 | 2720 | 8.090 |
4 | 889 | 8.080 |
Price($) | Vol. | No. |
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8.130 | 229 | 8 |
8.140 | 752 | 5 |
8.150 | 3188 | 5 |
8.160 | 646 | 3 |
8.170 | 3811 | 5 |
Last trade - 11.20am 07/08/2024 (20 minute delay) ? |
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