Its had a good run up from around 4.30.This was only late July early August. Its thinly traded as the free float is very small.
Essentially this is an investment stock it gives good returns but its not a portfolio growth stock. With such a small free float its unlikely any big broker will punt it as it can be expensive to purchase as you chase up the price and difficult to get out of when you want to. Either too many buyers when you want to buy and too many sellers when you want to sell.
This is a stock I keep in my bottom drawer to drive a consistent earnings base waiting for the day the major shareholder wants to do something than you will get fair value.
I think you will find that it slowly drifts reflecting the economy and also the world economy rather than a narrower trend. You buy this for its underlying value that underpins performance.
I hold it and got in at much lower prices so its really defensive for me.
AHD Price at posting:
$5.00 Sentiment: LT Buy Disclosure: Held
