ADA

0.00%

57.5¢ adacel technologies limited

I wonder how Wilson's Asset Management via their WAM...

First 3 Last

Share
Profile

Follow
fitfunfusion

240 Posts.

20

25/03/22

13:01

Post #: 60423116
Share

Originally posted by FlightTime: ↑

The nice thing about ADA share buybacks is that it's so lightly traded they really move the SP. They bought 14,567 on Wednesday, a day when the total volume was only 20k. Meaning 73% of the whole days trading was buyback!

Thanks to:

Listing Rule 7.33 - A company may only buy back shares under an on-market buy-back at a price which is not more than 5% above the average of the market price for securities in that class. The average is calculated over the last 5 days on which sales in the shares were recorded before the day on which the purchase under the buy-back was made.

The wide spread and general lack of market depth severely restricts the number of shares ADA can actually buy back on most days - on the flip side the buyback happens slowly, so unless volumes increase significantly there's a good chance the SP will grind slowly higher in a 'virtuous circle' as the increasing SP pushes up the average price and the buyback works it's way up the queue... The whole Sell side queue is only 76k shares and a chunk of those is just bots responding to others sell orders. The buyback is nominally more than 7m (not that I expect it will come close to that). Unless there is significant news or a Macro event I can see this slowly grinding it's way back to ~1.30 (IMO, obviously and DYOR!)

Expand

I wonder how Wilson's Asset Management via their WAM Microcap LIC got set and now own over 5% (see substantial notice 1 Dec)

Maybe off market?

ADA Price at posting: $1.15 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

RCE

Recce's R327 found effective against E.coli during clinical trial

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

There are more pages in this discussion • 2 more messages in this thread...

First 3 Last

Add ADA (ASX) to my watchlist

(20min delay)
Last 57.5¢		Change 0.000(0.00%)		Mkt cap ! $43.82M

Open	High	Low	Value	Volume
59.0¢	59.0¢	57.5¢	$18.25K	31.56K

Buyers (Bids)

No.	Vol.	Price($)
3	3149	57.0¢

Sellers (Offers)

Price($)	Vol.	No.
58.5¢	5632	2

View Market Depth

No.	Vol.	Price($)
3	3149	0.570
1	20000	0.555
1	20	0.550
1	41700	0.545
1	2000	0.530

Price($)	Vol.	No.
0.585	5632	2
0.600	7994	1
0.610	1544	1
0.615	3915	2
0.630	9785	2

Last trade - 15.40pm 28/06/2024 (20 minute delay)

ADA (ASX) Chart

I wonder how Wilson's Asset Management via their WAM...

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I wonder how Wilson&apos;s Asset Management via their WAM...

Top Stories

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I wonder how Wilson's Asset Management via their WAM...