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Yeah nearly 95 mil aud at current exchange rate
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MAM microequities asset management have become substantial holders
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Back up to 80c, holding through the cycle hasn't been much fun but looks like there will be a good few years ahead.
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Another 10% sp appreciation today... Maybe there is news coming on the further 100m worth of contracts. They did mention it at the agm.
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Oh dear adacel
Result out and the market didn't like it. After 2 months of good sp appreciation it dropped 25% after result release from 90c to 65c.
Ramping up for big contracts and guiding EBITDA of $6-8mil USD fy2025, which will be a big turnaround - only problem is management has over promisd and under delivered in the the past... So the market is taking this forecast with a large grain of salt
Time will tell but I'll be sitting on this one for at least another 12 months while we wait for cyclical up turn with the 100mil USD of contracts they have in the bag.
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