Not harsh, you are spot on. Pretty hard to put much trust in managements forecasts after last year. It reinforces this is certainly a cyclical business witch is heavily reliant on contracts.
I do still like their aquisitions resulting in virtual tower business, this will take some time to grow.
I also think we are at the bottom of the cycle and with covid out of the way, air traffic increasing, more training likely required and military spend increasing there is a good opportunity here. I thought adacel having these niche market we would have seen steady growing earnings but unfortunately not. The service revenue was meant to be a re-occuring in nature, but is proven to be lumpy.
As always wish I had sold at the top of the cycle when I bought at it's lows last time around, and watched it go to $1.35+, but not to be. Have to hold out until the next round.
I would be interested to see what the guys at thorny investments think with their 30% stake, surely they are looking hard at ways to maximize the shareholder returns - I suspect they pushed for the buy backs. Possible sale/take over of the Business would be handy right now so shareholders could put their capital somewhere else.
In the mean time, fingers crossed for more contracts, a div and an upgrade cycle. There is a decent business somewhere in here.
- Forums
- ASX - By Stock
- ADA
- Ann: Appendix 4E and Annual Report to shareholders
Ann: Appendix 4E and Annual Report to shareholders, page-6
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADA (ASX) to my watchlist
|
|||||
Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $37.35M |
Open | High | Low | Value | Volume |
49.5¢ | 49.5¢ | 49.0¢ | $9.095K | 18.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3545 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 11473 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3545 | 0.480 |
2 | 21030 | 0.475 |
1 | 35 | 0.460 |
2 | 10035 | 0.450 |
1 | 2558 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 11473 | 2 |
0.510 | 20152 | 3 |
0.515 | 11886 | 2 |
0.520 | 1277 | 1 |
0.530 | 1900 | 1 |
Last trade - 14.40pm 19/07/2024 (20 minute delay) ? |
Featured News
ADA (ASX) Chart |