Member Info for Adastra

It should certainly draw a line under the nadir and just in time for an upbeat t/u on 14th November. The Trump victory should certainly bring forward those strong 2025 orders as optimism sweeps the states.

Not that I'm a great fan of the 47th President elect bit it is exceptionally good news for TT and its US arm.

Would absolutely love a bid to come out of the blue at this stage....

Wouldn't you just love to know of any buddies at Blackrock and Worldquant........theoretically speaking of course....

Or predator circling......

Certainly hovering at the bargain basement level here. I'm of the same mind hoping that management have rectified problems or takeout at min +30%. The fact that definite orders expected to realise cash have slipped into Q1 25 may be the light on the horizon if good figures are forthcoming in the t/u. Two weeks and we'll have the info. I'm frankly surprised that no predator has jumped in yet given the overall health of the business. Attention seems myopically focused on the 2 US ops.

Never expected to see 80p - much respect to the poster who signaled this level in advance at 95p. Worldquant certainly profited but every snake has its ladder. Let's hope the relentless downturn now has a line under it before the 14th. I'm assuming that the non intervention of management is a signal that positive moves behind the scenes preclude any share purchasing.

TT seem to be mired in negativity at present with Blackrock doing its annual share readjustment. Sometime soon sensibility will prevail and start to reflect the intrinsic value here. Something the impending update will clarify as per September t/u.....

The Company will update on the 2025 revenue outlook and rectification of the operating issues in the North American sites, together with further cost efficiencies, in the November trading update.

Levelled off at total 11% by the looks of it (shares+ CFD)

This should now allow the market to allow a return to a more representative level reflecting prospects prior to confirmation of progress in November's T/U.

Once Blackrock has finished its rise-suppressing holding readjustment the brakes will come off and TT will follow the buyers who are happily mopping up the current surfeit. The November update should also provide good news on the US facilities giving a double boost over the next few weeks.

Had a decent number of substantial uncrossing purchases over last few days......hints of positive November update methinks???

Wouldn't read much into this adjustment. TT has a nice spread of insto support and it's unilateral. More important is that Worldquant are reducing their short position imo.

Blackrock frequently just rebalance holdings to increase/reduce exposure elsewhere.

.....and here we go.....

Is it being wound back for that reason and we are now in active bid-interest territory requiring a significant premium to secure.....

The factors certainly favour bid interest due to the spread of skills within the group and its enviable blue-chip customer base. It is shouting out for a gap-jump back to £1plus which I expect sooner than later which is imo why the single shorter is backtracking.

Good to see shorter buying back with UTs at this level. Strikes me as highly coincidental with the Blackrock reduction or sm I just being cynical??? I presume Blackrock is now comfortable with its rebranding allowing Worldquant to uncross......?

Precisely and succinctly

Looking a quality and provenance of Global, not just USA assets, this is now a steal for a big hitter probably American who can assimilate locally and utilize international footprint of TT.

The current low is symptomatic of the current market malaise in the sector rather than any concerted 'shorting'..

Yes we have one shorter exposed to a meagre 0.61% but that's small fry in reality and hasn't changed to reflect the nadir. Management caution and awaiting a November update are the drivers here. Hopefully they've understated and over performed in the 2 US subsidiaries as that is where everything's focused rather than the global picture where things are performing better. Is this a double bottom before the swing up??? You pays your money and takes your choice. Provenance says stability and growth will resume.