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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08/11/2023 09:20

Audinate (AD8) $13.00

The audio-visual technology company has been a significant driver of strong performance in the Emerging Companies Portfolio, particularly over 2023, where the stock is up over 70%. FY23 results were well ahead of market expectations which saw the stock re-rate and surge higher in August. More recently, the company raised $70m through a placement and Share Purchase Plan (SPP), which has further strengthened its balance sheet and leaves it well-placed to look at M&A opportunities to add to its already impressive earnings growth trajectory.

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29/09/2023 08:42

Audinate (AD8) $13.59

The audio-visual technology company has a Share Purchase Plan that closes on Monday, October 3, allowing shareholders to bid for up to $30,000 of new shares at $13/sh. We currently hold a 4% weighting in the Emerging Companies portfolio, and with AD8 trading ~5% above the raise price, it makes sense to participate in the SPP.

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