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 > $11,590,742.53

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Post by Possibleidiot01on Jul 25, 2024 6:57am

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Post# 36147463

$11,590,742.53

4.19 times 2,766,287.
That's what the market currently thinks the BOD of directors overpaid for the recent share buyback.
$47.9 million total consideration , just under 25% too much.
I was surprised when the stock originally jumped from $6 on what I considered lackluster earnings and thought maybe I had missed the train but there has to be a point a bottom is reached ?

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How does sponsorship affect share price?