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ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five principal segments of the non-residential construction industry: office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructure. The Company operates two fabrication plants and two paint shops, in Canada and in the United States, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. It has the capacity to manufacture approximately 125,000 tons of structural steel annually.


TSX:DRX - Post by User

Post by nelson07on Dec 08, 2023 10:40am
139 Views
Post# 35774823

No sellers and a new 15 year high

No sellers and a new 15 year high
I don't have the level 2 quotation system but there doesn't seem to be a lots of sellers.

No wonder, with the type of results they posted yesterday and with the prospect of continued
high profitability for the comming years

There is only 18,297,099 A share outstanding.Of that, 1,873,000 belongs to Marshall-Barwick,
500,000 by the 3 Pachini familly members who own all the the B shares(14,343,107 shares)

The CFO(Jean-Francois Boursier) holds 68700.

The float is about 15,855,400 shares.

Any meaningfull demand will propel the stock to a better valuation.

This is only the start of the next leg up.

Before the end of January , DRX will/should anounced some major contracts win and this 
will add to a better rating of the company.

I was pleased to see that they got a new 5 year labour agrement on Dec. 3rd


 


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