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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 microcaphobbyon Aug 14, 2024 5:59pm
542 Views
Post# 36179409

share price is moving in the right direction

share price is moving in the right directionGood to see as we get closer to the release of results for the q ending July 31, 2024. The recent increase in the 2nd q prediction from Atrium is an indication that the 2nd q may surprise us to the upside. Atrium has always been conservative in  their  numbers. I think we may have a pleasant surprise - greater than 50 cents a share for the 2nd q. The trading suggests someone has been accumulating shares --- maybe a fund perhaps? The recent news from Fluor is positive and provides read through to DRX.  

If Marshall Berwick has stopped selling either because they have sold their whole posiiton  or want  to  keep a position then that may have taken the overhang off the shares.
If the earnings in the 2nd q is over 50 cents a share we ought to see the share price get back to at least $16.00.
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