The position is down nearly 6% since we flagged the software company that is big in audio now but has aspirations in video that are progressing. Last week, we attended a site tour at AD8 hearing from their international technology teams who were out visiting their offices in Surry Hills. This is a good company, with good people running it, a great product that has dominance in one area (audio). They are now moving strongly into video and this is costing money, but the move we think will bear fruit in years to come. We maintain the rage on AD8 and see this as a medium to longer-term opportunity within this Emerging Companies Portfolio.
MM likes AD8 under $8
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