10/12/2024 11:21

Emerging Companies Portfolio – Amendments

We are making several changes to the Emerging Companies Portfolio.

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23/10/2024 09:17

Audinate (AD8) $8.96

Audio-visual technology company AD8 delivered a soft 1Q25 update yesterday, with further downgrades to gross profit guidance reflecting ongoing challenges including softer demand due to slower clearance of inventories from manufacturers. The stock was hit hard in the morning, down 16% at the lows, however, it recovered a lot of the initial plunge to be down ~6% by the close – not a bad effort considering.

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19/08/2024 17:29

Audinate (AD8) $11.33

We’re surprised by the extent of the rally today – though we’re pleased to see it - with the main positive new news (vs the recent downgrade to FY25 expectations) being the ongoing positive momentum in video in 2H24 and the inclusion of ‘disciplined examination of M&A opportunities’ as part of their guidance.

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07/08/2024 09:29

Audinate (AD8) $8.48

Just an incredibly poor/left-field FY25 outlook provided by Audinate yesterday, and while FY24 was good, and slightly above expectations, that means very little for a company trading on a growth multiple that is going backwards in FY25. Casting our minds back to the 1H24 results, they reported revenue up 48% and earnings a whopping ~70% ahead of expectations driven by strong sales and better-than-expected margins.

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29/05/2024 09:34

Audinate (AD8) $15.42

Audinate is a position we have held in the Emerging Companies Portfolio since November of 2021, successfully increasing and trimming/taking profits on the holding along the way. We topped up our position in Audinate last week, with the stock trading down ~30% from recent highs.

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22/05/2024 08:48

Trade Alerts – Emerging Companies Portfolio

We are making a number of changes to the Emerging Companies Portfolio. Selling FCL & GL1, trimming SLX, SFR, CNI & SRG, buying LTR & BWP, and adding to AD8 & C79.

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22/03/2024 09:31

Audinate Group (AD8) $22.23

We continue to believe AD8 is a great growth story, and our enthusiasm has increased for the stock over the years as it has built itself into a world-class company.

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01/03/2024 09:34

Audinate Group Ltd (AD8) $23.18

Audio-visual tech company AD8 delivered a very strong 1H result last month, propelling the stock to new all-time highs. Revenue grew 48% to $US30.4m, with EBITDA $US10.1m being a whopping ~70% ahead of expectations driven by strong revenues, plus margins improved ahead of consensus.

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12/02/2024 17:12

Audinate (AD8) $19.33

AD8 +20.59%: the audio-visual tech company posted a very strong set of 1H numbers today, hitting new all-time highs on the beat. Revenue grew 48% to $US30.4m with EBITDA $US10.1m being ~70% ahead of expectations. Growth of 78% in chips, cards & modules (CCM) drove the result, in part thanks to the improved supply of their Ultimo chip helping the company work through some of the demand backlog.

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20/11/2023 09:17

Trade Alerts – Emerging Companies Portfolio

We are making multiple amendments to the Emerging Companies Portfolio

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