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$10.17 audinate group limited

Ann: Share Purchase Plan documents dispatched to shareholders, page-37

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strangelogic

2,962 Posts.

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21/08/20

10:29

Post #: 46711322
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Originally posted by cyw: ↑

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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I reckon TMS bought in the SPP/INSTO raise and want to spruke a bit: not that I am complaining. Happy to see a price floor maintained.

AD8 Price at posting: $5.19 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $10.17		Change 0.020(0.20%)		Mkt cap ! $847.5M

Open	High	Low	Value	Volume
$10.24	$10.70	$10.11	$2.531M	245.6K

Buyers (Bids)

No.	Vol.	Price($)
1	2090	$10.17

Sellers (Offers)

Price($)	Vol.	No.
$10.25	1002	1

View Market Depth

No.	Vol.	Price($)
1	2090	10.170
1	10000	10.160
1	360	10.150
1	1000	10.130
5	2638	10.100

Price($)	Vol.	No.
10.250	1002	1
10.270	2932	2
10.280	1002	1
10.310	1002	1
10.330	1258	2

Last trade - 16.10pm 14/10/2024 (20 minute delay)

AD8 (ASX) Chart

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