Can you update your take on Audinate (AD8)
I notice your last review of AD8 was in August 2020. Do you have any updates on this?
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Answer
Hi There,
Obviously a lot of water has gone under the bridge over the last 9-months with the ASX enjoying some healthy gains along the way. Their last trading update at the end of April was a positive one with a 31% lift in revenues vs. 12 months ago as the company tracks back towards pre-covid run rates. While MM remains , a fan of the digital audio company, the market has now gotten very optimistic the stock and aren’t keen above $7.
