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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 lifeisgood1010on Feb 19, 2024 12:24pm
227 Views
Post# 35887628

New institutional investors coming aboard

New institutional investors coming aboardSince Feb. 2nd, 4 new institutional investors have purchased DRX shares.
They are:
NCM Asset Mngt,Franklin Bisset,J.Safra Sarasin and Goodwood.

When calculating the float it is always tricky because we can't predict for how long they will
hold.We all know that Marshall-Barwick as been there for years.

As for the other 4 new holders since they just got in, i would guess that they will
be around for a while.

If that were the case then the float as now gone down to 13,645,198(Taking in the 20,000
purchase of Jean Rochette).

Taking in that new float count, DRX as traded about one third(1/3) of it's float in the past 2
and one half(2 1/2) month alone.

That is VERY INDICATIVE that the undervaluation and huge potential of DRX
is just starting to be discovered.

Investors who sold in the low to mid $5 in Nov. must surelybe regreting it.
Those who will sell in the next few weeks/months will also regret it.
We are in the first innings.The best is yet to come.

Here are the insiders and institutional holders of more than 20,000 shares



Marshall-Barwick, Inc.
1,873,000 10.24 % 11 M $
 NCM Asset Management Ltd.
1,041,100 5.690 % 6 M $
 Franklin Bissett Investment Management
978,400 5.347 % 6 M $
166,667 0.9109 % 1 M $
166,667 0.9109 % 1 M $
166,667 0.9109 % 1 M $
 J. Safra Sarasin Investmentfonds AG
117,100 0.6400 % 704 942 $
68,700 0.3755 % 413 574 $
 StoneCastle Investment Management, Inc.
24,800 0.1355 % 149 296 $
 Goodwood, Inc.
23,800 0.1301 % 143 276 $




Name Equities % Valuation
 Marshall-Barwick, Inc.
1,873,000 10.24 % 11 M $
 NCM Asset Management Ltd.
1,041,100 5.690 % 6 M $
 Franklin Bissett Investment Management
978,400 5.347 % 6 M $
166,667 0.9109 % 1 M $
166,667 0.9109 % 1 M $
166,667 0.9109 % 1 M $
 J. Safra Sarasin Investmentfonds AG
117,100 0.6400 % 704 942 $
68,700 0.3755 % 413 574 $
 StoneCastle Investment Management, Inc.
24,800 0.1355 % 149 296 $
 Goodwood, Inc.
23,800 0.1301 %

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