admicom has seen some quite interesting price action after the interim report, but that’s been the case here as well this year! Over the last three weeks, nearly a quarter of the market value has been wiped out. There hasn’t really been any actual negative news from the company or, as far as I know, from the market, so I suspect whether the upcoming transfer of the listing to the Swedish stock exchange is causing forced selling in some funds.
If this is the main reason, it would be a quite interesting entry point if you’re interested in exposure to the industry. It’s been a while since it’s been possible to get on board at these multiples.