DMP have been ripping off staff for years, making them work for below award wages, free overtime and everything else ...
The DB report was based on real figures sourced from their books, coupled with award industry wages. If DMP have to meet these wage increases along with a host of other issues, it is going to smash their bottom line ... How do you argue its scaremongering ?
I don't get all those arguing that it's a run well business. Underpaying staff for years to produce engineered record profits each 1/2 yearly is not sustainable growth, likewise with the action in the SP. If it had to meet award wages would suffer a profit drop of 20%+ according to DB ?
Talk about a house of cards
Those grubs at Citi today closed out 8,000 DMPKOS once they ticked the stop at $73.86. Average close out on them was $74.45 or somewhere. I highly suspect they weren't aiming for best price when buying back those 8,000 on behalf of holders, as they pushed it almost anther full $1+ after the stop was hit and already up 3%. Most of yesterday's price action can be attributed to the stopping out of the other 2 Citi Warrants as well, which they closed at market basically
DMP Price at posting:
$73.39 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)