My view is much the same, it isn't about the prospects which look good see analyst summary...
https://au.finance.yahoo.com/q/ao?s=DNA.AX and https://au.finance.yahoo.com/q/ae?s=DNA.AX
My concern is about just how long this combination of robotic selling and short selling is going to continue and how long will my capital be tied up unproductively. On the balance of probabilities I have come down on the side of holding with the prospect that a new base will form around 90 cents.
The prospective factors are the possibility of the law change to permit local participation and the potential for an acquisition or some sort of expansionary project. Either of these could produce a step change in the rating of the company. The other factor is the prospect of organic growth and increasing cashflow as the current facility comes up to speed. Any of these could eventually kill off the negative impact of the continued pressure on the price. It is all about getting more buyers on board asap but I am prepared to wait for the time being for a few months.
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $37.06M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 3.0¢ | $7.5K | 250K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 350000 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 499883 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 350000 | 0.029 |
4 | 399733 | 0.028 |
1 | 100000 | 0.027 |
1 | 134000 | 0.026 |
2 | 60000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 499883 | 2 |
0.032 | 500000 | 1 |
0.033 | 330084 | 2 |
0.034 | 237420 | 3 |
0.035 | 14646 | 2 |
Last trade - 13.51pm 05/11/2024 (20 minute delay) ? |
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