decent gains likely over the medium term

Quite a bullish/optimistic outlook statement given in the annual report out today. If the improved FY08 result materialises (and I expect that it will), and given that the share buy-back is likely to continue for some time (i.e., well into 08), ADA should produce a healthy return this FY from current (oversold) levels.

For those that keep track, my FY07 NAPT forecast of $6mill+ would have materialised had it not been for the one-off items (which I couldn't have predicted).

And, yes, my wife recently gave birth to a healthy baby girl (thank you to those who noted), and, yes, I have been changing many nappies!