I'll just be over here eating my words for the time being..... US moved well, so would expect a good green day today...
I love DTL (held since 2014 with a 59c average), but just cannot accept the significantly high ratio it is trading at currently. The market is looking for darlings though, especially with Covid putting pressure on so many businesses, but I cannot help but think the downside risk in DTL is at near record highs...
Accordingly I have sold 50% of my DTL holding over the last fortnight, I may well live to regret this, .... However I cannot see DTL sustaining a growth rate >15-20%, which IMO may put downside pressure on the current valuation... But the additional cash is nice especially as Covid takes off in Victoria again (possible other opportunities)
As always time will tell, look forward to reviewing the H2 results with everyone!
Ann: DTL expects to report another record full year result, page-4
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Last
$7.54 |
Change
-0.010(0.13%) |
Mkt cap ! $1.168B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.63 | $7.51 | $2.994M | 396.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16375 | $7.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.57 | 1860 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| DTL (ASX) Chart |