External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Over the next 18 months, ADA has the opportunity to double annual revenues based on the award of six tenders.</li><li>Approximately 20% of ADA’s contracted base is up for renewal over the same period, while nearly half of the revenue base is underwritten by a 12-year contract still in its first year.</li><li>We view ADA as an asymmetric bet on tender success with limited downside risk.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Over the next 18 months, ADA has the opportunity to double annual revenues based on the award of six tenders.Approximately 20% of ADA’s contracted base is up for renewal over the same period, while nearly half of the revenue base is underwritten by a 12-year contract still in its first year.We view ADA as an asymmetric bet on tender success with limited downside risk.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Adacel Technologies Limited (ADA) - 1HFY23 – Disappointing 1H23 but Opportunity Remains