"AD8 Below $15, I might be tempted to add more."Didn't wait for...

First 3 Last

Share
Profile

Follow
ThereAbouts

4,478 Posts.

346

26/07/24

04:47

Post #: 74923377
Share

Originally posted by keithdav: ↑

Thought it might be useful to get some ideas where to deploy the incoming cash from the ALU takeover

My top 3:
1. AD8
If I didn't own so much already, this is where most of the ALU cash would go. Quality growth company, with a near-monopoly on digital audio networking plus a promising expansion into video. Yes it's expensive, but it has come off quite a bit since peaking at $23 after the last (stellar) result. Below $15, I might be tempted to add more.
2. MIN
Fast-moving, innovative mining and mining services company. 3 divisions: iron ore, lithium and mining services. High quality management, with high ownership stake and a great track record. Share price has come down recently due to weak lithium price and possible poor outlook for iron ore
3. TRJ
Smaller, lesser known company. Manufactures specialised instruments for the pathology and laboratory testing industries. Share price has performed poorly since IPO, after initially getting a bit hyped. Now very cheap at EV/revenue of around 1. Previous half yearly result was disappointing, but IMO this company is higher quality than the market realises, providing essential equipment for a growing industry. At this price, it wouldn't take much of a turnaround for investors to do well

Expand

"AD8 Below $15, I might be tempted to add more."

Didn't wait for the Altium TO cash to roll in or sub $15, made a pre-emptive strike yesterday at $15.18 after down night on NASDAQ. Long term punt for me, bit like Altium was.

Was expecting another potential buy, Data3 (DTL), to fall too, but didn't happen.

GL all with reinvesting your Altium moolah.

ALU Price at posting: $68.33 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Results wrap: Austal, TPG Telecom and Downer

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EBR

EBR reaches review milestone for wireless cardiac pacing device

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore