ADA 2.00% 49.0¢ adacel technologies limited

Ann: SCAA awards ADA a new ATM contract valued at over USD$3.6m, page-4

  1. 1,234 Posts.
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    The PE is under 10 based on company forecasts released to the market for the current year. You've summarized its attributes well to which I would add...has an on market buy back in progress as well. It's legacy troubles are well behind it, it's doing well with the new management. They only need to keep doing what they're doing and the market should you would think recognise it and appropriately price it. Funny how a small inconsequential contract win has moved sentiment since it was announced. I wish the buy back was a little more aggressive, the shares have (and are) cheap & are arguably a great way to enhance future shareholders rewards with a smaller capital base and greater returns on equity for the stayers. Lots to like here i think.
 
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