DCC 5.66% 5.6¢ digitalx limited

Ann: Letter to Shareholders-DCC.AX, page-193

  1. 487 Posts.
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    It is all about buying the potential and speculating if their product can be monetized and increase their market cap.

    Yes, it does look grim with so little update and progress on the end of the product for now. My concern is still the burn rate for the product and very little progress being shown to the market.

    Obviously if all those points you brought up are checked, we wouldn't be in this trench now wouldn't we? The point is that the price we're in has factored one of the worst case scenarios in place. AFAIK, their Digital X platform is still bringing in revenue and were reporting revenues in excess of 30 million for year ending 2015. Yes the P/L was sitting at -6 million.

    I am keen to see the financials for this year. Understandably curious to see how their trading platform is doing, and more importantly to see how their cash register's doing as well.

    These are dark times, clearly reflected in the SP. But if they can yield a progress with AirPocket, any progress, we can see some positive upticks.

    Also, as a bitcoin hodler, I'm mesmerised that you are saying that bitcoin has lost it's shine. We are just post halving and the prices are holding steady consolidating at the $570 mark given all the fiasco around bitfinex. With Segwit and further speed improvements to come, are you saying that bitcoin has dark clouds and given the props to ethereum?

    I understand your frustration, as do I (god knows how much i'm down :-/), but I really want to wait for the announcements before jumping ship.

    The price is holding @ 7.2 with some support at that mark. If it goes any lower, I will consider averaging down. But yes, disconcerting. (I know, conflicted)
    Last edited by Joth: 18/08/16
 
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