How to buy Adrad Holdings shares
Family-owned radiator business leverages itself to the EV trend as it hits the local bourse.
Name | Ticker | Listing | Issue Price | Capital Raised |
|---|---|---|---|---|
Adrad Holdings Limited | 30 September 2022 | $1.50 | $22m |
On 20th September 2022, Adrad Holdings ($AHL) successfully listed on the ASX following its $22m capital raise backed by Ellerston, Washington H. Soul Patts and Perennial.
How to buy Adrad Holdings shares
Want to start buying AHL shares but not sure how? Learn how to buy Adrad Holdings stock on the Stake stock trading platform below.
1. Find a stock investing platform
To buy shares listed on the Australian stock market, you'll need to sign up to an investing platform with access to the ASX or CBOE. There are a number of share trading platforms in Australia, of which Stake is one.
2. Fund your account
Complete an application with your personal and financial details. Fund your account with a bank transfer, debit card or even Apple/Google pay.
3. Search for Adrad Holdings Limited
Find the share by name or ticker symbol: AHL. Do your own research to ensure it is the right investment product for your own circumstances.
4. Choose an order type and buy T92 stock
Buy on any trading day with a market order or use a limit order to delay your purchase of AHL shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.
5. Monitor your investment
Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.
Adrad Holdings overview
Adrad Holdings Limited is involved in the design and manufacturing of heat exchangers for both mobile and stationary applications. It also manufactures, imports and distributes automotive parts for the aftermarket in Australia and New Zealand – from passenger vehicles right through to dump trucks, agricultural machinery and construction equipment.
Adrad has been around for 25 years but has kept pace with technology, leveraging itself to the electric vehicle market (more on electric vehicle stocks here).
In essence, heavy vehicles are moving towards hydrogen fuel cells as a power source, which actually requires more cooling than traditional diesel engines. In a diesel engine, 30% of the power goes into the radiator for cooling, but for hydrogen, it's closer to 50%. This makes radiator technology more important.
AHL is already working with some big international names, like Kenworth and Caterpillar which have strong growth prospects.
In addition to vehicles, the company is looking at data centers – which require massive amounts of cooling to operate – for further opportunities post-IP, particularly in south-east Asia.
Adrad Holdings is available to trade under the ticker $AHL on Stake, sign up today!
This is not a recommendation to invest, as always do your own research.
Market Analyst
Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.
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