ADF Group Inc T.DRX

Alternate Symbol(s): ADFJF

Steel Steel

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

ADF Group Inc > TO BE AWARE OF

<< Previous

Bullboard Posts

Next >>

Comment by microcaphobbyon Jun 20, 2024 9:56am

208 Views

Post# 36097678

RE:TO BE AWARE OF

They have been long time holders so it is not surprising that they harvested some of their gains by selling 8.5% of their holding (156,900) at $17/share). They still hold 1,679,600 shares.

The sale increases liquidity of the shares and allows funds/ institions to buy. They also saved a little bit of money on the capital gain tax increase.

This is a positive development for the company.

<< Previous

Bullboard Posts

Next >>

TELUS adds 347K customers in Q3