ADA 0.83% 60.5¢ adacel technologies limited

Yes been a long hold for me, I've held it through it's down...

  1. 207 Posts.
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    Yes been a long hold for me, I've held it through it's down cycle which hasn't been much fun but goes to show it can be done. I bought at 90c march 2021 before it had a few good results and watched it pop up to 1.40ish as it was well undervalued. Then its fallen all the way back down as fundamentals deteriorated as they had a few bad years and missed guidance. I must say management did a fairly decent job over this down period considering covid resulted in the air industry getting knocked around and likely prioritising zilch on "upgrades". There's been some decent dividends and small buybacks along the way to keep me holding. Will be an interesting few years, aud 95 mil contract locked in and another potential 100mil to come (not sure if that USD or AUD) + other potential business. A few decent instos have mentioned them in their newsletter too.
    Last edited by NZSilver: 28/12/23
 
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