ADA 0.00% $1.26 adacel technologies limited

pulling back

  1. 10,373 Posts.
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    Nice to see ADA holders managed to see a positive move for ADA following the companies announcement of securing the US$42mio contract for the USAF.

    Market does however seem to have forgotten/ignored the fact this not a "new" contract per-se. Rather, only (partially) fullfilling a contract for which ADA had already been pre-selected.

    Details of this contract were included in the Chairman's/CEO's address to shareholders back in November.

    In the circumstances may well be that ADA drifts back to previous levels until such time as ADA can do what I have long maintained they must - demonstrate to the market they can convert contracts into bottom line profits.
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