AD8

2.32%

$10.15 audinate group limited

I actually brought up the fact directors were exiting ship when...

First 2 Last

Cyclops1987

414 Posts.

129

06/08/24

19:20

Post #: 75097930

Originally posted by Burgerbuns: ↑
Thinking about taking what are now 'small' profits and investing in companies where CEO's value their loyal shareholders.

Firstly, I was disgusted when the CEO sold shares whereby on 6/09/2023 - a 3Y was released outlining that the CEO had sold down shares and the timing of the release was at 3pm. The next morning on 7/9/2023, Audinate went into a trading halt at 9am. It was disclosed that Aiden Williams, sold down almost 53,000 shares at $13.66. 15 hours later, a cap raise was announced at $13.00 per share.

Ad8 were issued with a please explain, to which the company Secretary Rob Goss, responded by saying that the late lodgement of the 3Y was an "administrative oversight". The ASX's compliance division being the toothless tiger that it is, took no action.

Aiden Williams hasn't purchased any shares. All of his shares are "issued" or "exercising the conversion of securities"

Whilst the CEO was selling shares just prior to the announcement of a trading halt (and failing to disclose the transaction as per the requirements under ASX listing rule(s) 3.19A & 3.19B) - The Directors of the company participated in the SPP. Strangely enough, the CEO took no part in the SPP. However, less than 3 weeks later, the CEO was "issued" 47,059 shares worth a cool $636k.

Fast forward to today and the "early release" of unaudited results. What the hell were AD8 thinking releasing these results directly after the meltdown in the U.S. and Asia? Say what you will about the actual results, but it now adds weight to the suspect departure of the CFO.

What exactly are AD8 doing with the $70m raised earlier this year?

Why did AD8 choose to go down this path today? What pushed them and who made the call to release the unaudited numbers in such a knee jerk reaction?

Aiden Williams, please explain. Because one thing is for sure...come the next AGM, it won't be a hybrid and shareholders will have zero hope of getting their questions addressed.

1 27/03/24 Mr David Krall Sell +32,807 .02 (9,603) On-market trade
2 26/03/24 Mr David Krall Sell +32,807 $20.70 ($679,104) On-market trade
3 25/03/24 Mr David Krall Sell +32,808 $21.14 ($693,561) On-market trade
4 22/03/24 Mr David Krall Sell +1,578 $22.36 ($35,284) On-market trade
5 07/03/24 Mr John William Dyson Sell +22,998 $21.65 ($497,853) On-market trade
6 07/03/24 Mr Aidan Williams Sell +5,741 $21.75 ($124,894) On-market trade
7 06/03/24 Mr John William Dyson Sell +8,943 $21.52 ($192,456) On-market trade
8 04/03/24 Mr John William Dyson Sell +8,059 $21.75 ($175,295) On-market trade
9 04/03/24 Mr Aidan Williams Sell +25,809 $21.80 ($562,716) On-market trade
10 01/03/24 Mr Aidan Williams Sell +18,450 $21.98 ($405,519) On-market trade
11 14/02/24 Mr Tim Finlayson Sell +30,000 $19.51 ($585,230) On-market trade
12 24/10/23 Mr Aidan Williams Issued 47,059 $13.52 $636,237 Issue of securities
13 05/10/23 Mr John William Dyson Buy +5,386 $13.00 $70,018 Participation in share purchase plan
14 05/10/23 Mr Tim Finlayson Buy +2,308 $13.00 $30,004 Participation in share purchase plan
15 05/10/23 Ms Amrita Blickstead Buy +385 $13.00 $5,005 Participation in share purchase plan
16 05/10/23 Ms Alison Rich Ledger Buy +1,154 $13.00 $15,002 Participation in share purchase plan
17 05/10/23 Mr Roger John Price Buy +2,308 $13.00 $30,004 Participation in share purchase plan
18 05/10/23 Mr David Krall Buy +2,308 $13.00 $30,004 Participation in share purchase plan
19 28/08/23 Mr Aidan Williams Sell +51,702 $13.66 ($706,249) On-market trade
20 21/08/23 Mr Aidan Williams Exercise 51,702 $11.40 $589,402 Conversion of securities

Expand
I actually brought up the fact directors were exiting ship when the SP was grossly overvalued and you responded calling "bulls%!+". Now that the SP has more than halved you are disgusted? There were some pretty blatant red flags. I'd argue now is the time to look at AD8 as a long term investor; not at $20+ when the SP had rallied over 100% in the space of 6 months.

AD8 Price at posting: $8.48 Sentiment: Buy Disclosure: Held

11 Upvote

1 Great analysis

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(20min delay)
Last $10.15		Change 0.230(2.32%)		Mkt cap ! $845.9M

Open	High	Low	Value	Volume
$9.95	$10.19	$9.89	$2.135M	211.7K

Buyers (Bids)

No.	Vol.	Price($)
1	963	$10.08

Sellers (Offers)

Price($)	Vol.	No.
$10.15	7755	2

View Market Depth

No.	Vol.	Price($)
1	963	10.080
1	1000	10.020
1	750	10.000
1	12999	9.950
1	83	9.920

Price($)	Vol.	No.
10.150	7755	2
10.200	200	1
10.220	2000	1
10.250	2692	2
10.260	1300	1

Last trade - 16.10pm 11/10/2024 (20 minute delay)

AD8 (ASX) Chart

I actually brought up the fact directors were exiting ship when...

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

1		27/03/24	Mr David Krall	Sell	+32,807	.02	(9,603)	On-market trade
2	26/03/24	Mr David Krall	Sell	+32,807	$20.70	($679,104)	On-market trade
3	25/03/24	Mr David Krall	Sell	+32,808	$21.14	($693,561)	On-market trade
4	22/03/24	Mr David Krall	Sell	+1,578	$22.36	($35,284)	On-market trade
5	07/03/24	Mr John William Dyson	Sell	+22,998	$21.65	($497,853)	On-market trade
6	07/03/24	Mr Aidan Williams	Sell	+5,741	$21.75	($124,894)	On-market trade
7	06/03/24	Mr John William Dyson	Sell	+8,943	$21.52	($192,456)	On-market trade
8	04/03/24	Mr John William Dyson	Sell	+8,059	$21.75	($175,295)	On-market trade
9	04/03/24	Mr Aidan Williams	Sell	+25,809	$21.80	($562,716)	On-market trade
10	01/03/24	Mr Aidan Williams	Sell	+18,450	$21.98	($405,519)	On-market trade
11	14/02/24	Mr Tim Finlayson	Sell	+30,000	$19.51	($585,230)	On-market trade
12	24/10/23	Mr Aidan Williams	Issued	47,059	$13.52	$636,237	Issue of securities
13	05/10/23	Mr John William Dyson	Buy	+5,386	$13.00	$70,018	Participation in share purchase plan
14	05/10/23	Mr Tim Finlayson	Buy	+2,308	$13.00	$30,004	Participation in share purchase plan
15	05/10/23	Ms Amrita Blickstead	Buy	+385	$13.00	$5,005	Participation in share purchase plan
16	05/10/23	Ms Alison Rich Ledger	Buy	+1,154	$13.00	$15,002	Participation in share purchase plan
17	05/10/23	Mr Roger John Price	Buy	+2,308	$13.00	$30,004	Participation in share purchase plan
18	05/10/23	Mr David Krall	Buy	+2,308	$13.00	$30,004	Participation in share purchase plan
19	28/08/23	Mr Aidan Williams	Sell	+51,702	$13.66	($706,249)	On-market trade
20	21/08/23	Mr Aidan Williams	Exercise	51,702	$11.40	$589,402	Conversion of securities

I actually brought up the fact directors were exiting ship when...

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