Just noticed the recent ASX announcements for AD8:
25/10 Hyperion to Substantial Share Holder @ 5.24% buying from 8/7 - 23/10
28/10 Pinnacle to Substantial Holder @ 5.26% buying from 1/7 - 23/10
4/11 Fisher Funds to Substantial Holder @ 5.00% buying from 31/6 - 31/10
4/11 AustralianSuoer (already a substantial holder) increased from 7.84% to 8.89% (they constantly buy and sell with trades listed from 9/8 -29/10).
Fascinating seeing all these funds grabbing stakes or increasing their holdings.
Most interesting, the SP on 1/7 was $15.54 and at 29/10 was $9.06 - so all the buys above were made between those prices, more or less - but the current SP is $7.31.
I bought in years ago @ $9.24, so I'm watching and waiting to see how low it will go and for how long it will stay there, before I hit the button to buy more. Not a huge holding but it's a business I've always been interested in, and I'm interested in seeing how they weather the current difficulties in the sense of lessons learned that might be applicable when assessing other similar businesses.
Disl: Held IRL & SM