I'm no wiser as to the continued interest in Adrad as i was last time it had a little spike (other than the initial view that it was a perfectly decent business that was simply too cheap).
But not complaining!
But interested in any explanation people may have come across. Maybe it's just the data center boom? Which, frankly, seems like a really good tailwind right now.
Not sure what's behind this pump in Adrad, but not complaining. Still only on a forward PE of 14x or so too.
Shares dropped about 40% after I first bought, which is par for the course, but a good reminder that timing really isn't everything if you buy at a good price.
I'll try and line up another interview.
Discl: Held IRL 4.61% and in SM
Good timing @Strawman as I was just looking at the chart prior to seeing your post.
The price jumped up past the 1.205 resistance/support level today, which is where it is at now (chart is a bit delayed) on nothing exciting volume of 36k. There is a queue of 18.7k across 3 buyers at 1.205, a bit unusual, so that support level is behaving quite nicely. Doesn't seem like anything in the volume to suggest any pumping
AHL does not need cash, so a manufactured pump doesn't seem necessary. If SXE contracts are anything to go by, Data Centres are booming and AHL is absolutely in that space - coincidentally, SXE has also been moving up amidst a generally bad market day. Old man Gary has been buying on-market ...
Absolutely no cause for complaint amidst the sea of red elsewhere ...
