ADF Group Inc T.DRX

company assurances

[microcaphobby]

if you call the company IR they will tell you that there is no material change in business and they are as puzzled as everyone else why the shares are trading so cheaply. I can certainly understand why the steep and relentless decline would disturb even veteran investors. if one is confident that business is robust then the best advice is to hold or even add to your position.

[ykzsh8]

They answer that they are puzzled as to why their stock trades so cheaply, but the reason is pretty clear. Of course they cannot admit it's because of their share repurchase, it would be embarrassing. It's not a coincidence that a long time significant shareholder decided to unload at that exact moment. I also think one mistake can't define a generation of work to build this great

[matt2018]

Dont believe its a good time right now to be buying back shares. The delay of the $35M order (300 truckloads of fab steel) certaily didnt help. They mentioned that this delay could be pushed out to next fiscal year (after Jan/25). When it does go out, it will be a nice sales bump to that qtr. The ill advised stock sale is behind them now.  Cant take that back. But I believe we would be down

[Hich1205]

I think the debacle of the stock price is due to 1- Investor relation management 2- to a certain extent due to declining backlog. Definitely the market does not trust the management who happens to be the majority holders who happens to be the ones that designate and <> the Board members, who happens to auhtorise the ripp-of the company cash in favor of the sole interest of the management who

[matt2018]

respectfully disagree Hich1205. These NCIB/dividend initiatives you menion are good ideas when you secure visibility beyond Jan/26. When they get the order backlog back up to $600M+ levels, then you can plan out to Jan/27 and beyond and perhaps do these things. I understand they cashed some shares out big time but they still own boatload and would like to see the value of these shares higher just

[CarlM20]

I am concerned that the push back sales may end up in a big loss provision if they really have 300 truck load of processed steel waiting for delivery. Two major battery related plants under construction are stopped and may never be completed. My fear is that one of them is a client and the cause of the delayed sales. I hope I am wrong .

[Hich1205]

agree to disagree I agrre that the slowing business have some impact on the share price, but the magnitude of the decline is telling another story. Investors don't trust the gang in place, they don't believe that any of the future wealth created will land at ALL shareholders hands