Interesting situation. Goodall, an accountant by profession, is a proven operator, and very wealthy from Temenos and his Singapore outfit. Seems to be a common thread running through all his operations. One problem was the poor start he got off to. The other is half year reporting. The market we're now in feeds off information, the more the better. Doesn't necessarily have to be good info, either. Witness BLT today. Accountants don't do information. They do numbers. If the numbers don't stack up, they're not in it. If the numbers do stack up, they work away quietly in the background, doing what they do well, putting the jig-saw together. When the jig-saw is complete, suddenly the numbers stack up big time and off it goes. When ADL does go, it will go well - remember, the bigger the base, the bigger the break, and we've got a serious base here now. We have also had a series of significant announcements over the past few months, yet the market remains unimpressed. Bigger fish to fry, I guess. It will be interesting to see what the bottom line is from all the new contracts. But, underpinned by the share buy-back this surely has only one way to go. Just a matter of when and how far. Let's not forget ADL was a Speculator pick before the resources boom, and one he also picked as a good recovery play in due course.
ADL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
