DCC 2.38% 4.1¢ digitalx limited

Potential Revenue Stream, page-4

  1. 6,496 Posts.
    lightbulb Created with Sketch. 51
    It was mentioned on the thread yesterday that 11% is too high to be competitive - my thoughts:
    - Airpocket targets much smaller denominations where traditional money transfers would not be feasible for these amounts given the fees
    - Traditional money transfers operate at somewhere close to this commission (dependant on size of the transfer). If it is cheaper to use airpocket by 1% people will use it - no need to give away revenue.
    - Airpocket like all blockchain tech has the benefit of operating in near real time with minimal risk. That's why the asx and large banks are all over it - it reduces risk while everything gets reconciled.

    The sell down yesterday really did boggle my mind. Even if the annual earnings are only $10m / yr - which is much less than stated above - then the market cap should be well north of here, closer to $100m. IMO this is the result of fund managers saying 'sell on any rally' - however in the med term there will be some stocks that need to play the catch up game, DCC being one of them.

    I was in this for a ST trade but after the ann am looking longer term for this - I think there is bags in in in 2016.
    All IMO
 
watchlist Created with Sketch. Add DCC (ASX) to my watchlist
(20min delay)
Last
4.1¢
Change
-0.001(2.38%)
Mkt cap ! $35.52M
Open High Low Value Volume
4.3¢ 4.5¢ 4.1¢ $76.57K 1.787M

Buyers (Bids)

No. Vol. Price($)
2 230525 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 238000 1
View Market Depth
Last trade - 15.44pm 28/06/2024 (20 minute delay) ?
DCC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.