Not buying the narrative of possible sell off from current levels ahead of results.
The company (and CEO) at prior 6 month results made the case that strong growth would continue but tempered expectations of same percentage gains. They had successfully caught up on the backlog of orders post Covid period shortfalls with chip supply and therefore the percentage growth this half was unlikely to be repeated.
The takeaway was outlook for growth would remain impressive. Personally do not think they will underperform. If this is the dominant go to supplier for the big brand OEM’s then the opportunity has not gone away when AD8 is the leader, with no emerging competition.
I N S A F E H A N D S
Big red close for AD8. Writing on the wall. What might happen next?, page-5
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Last
$15.31 |
Change
-0.520(3.28%) |
Mkt cap ! $1.272B | |||
| Open | High | Low | Value | Volume |
| $15.46 | $15.46 | $15.12 | $3.388M | 221.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 476 | $15.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.44 | 647 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| AD8 (ASX) Chart |