agm

I finally sold out of these - should have done it on the big pump, but didn't get my order in fast enough or manage it well enough.

The agm presentation was uninspiring. I still think Adacel has a great niche with good products, but seems to be too much run like a private company. Also, US$ and fall-off in capital spend may hit them a bit this year. Have found this one frustrating to hold and I'm currently not willing to live with the lack of liquidity.

Still, market depth looks reasonably positive at the moment. If I wasn't looking to find cash for other things, I'd probably have been willing to give it some breathing space for a few more days.