JW's Sharepicker reasons -21 Aug 2015 12:45
JW provided five reasons he bought ADSS, here are two of them
1. Undervalued and Well Funded
At a price of 0.79p the company’s market capitalization is approximately £3.5m. As of 30th June 2015, they had $6.1m in cash. Even at year end they are expected to have between $2m – $2.5m in cash.
The company is, at present, worth less than the cash they hold and this therefore this value doesn’t include any contracts or assets they possess. Their turnover for this year is estimated to be around $20m.
4. Potential
Good progress is being made in the generation of new business leads with the potential project pipeline – across multiple sectors – now in excess of US$500 million for work in 2016 and 2017.
East Africa continues to offer significant opportunities for a professional and scalable support services business. The region is in the process of undergoing rapid development, with numerous large scale infrastructure, geothermal, power and other substantial development projects being executed.