Not sure why you say this, it seems pretty solid.
Company is growing, cashflow positive, and trading at a low multiple of revenue, with a low enterprise value.
The market response alerted me to this announcement which made me take a look at the company, and it looks pretty good. It could easily go to 20-30c as it hits more and more people's radars.
Big volatility since the announcement which is what you'd expect after a rerate like this, with bored holders taking profits and new people jumping in to load up or trade. After some consolidation we should see a move above 10c.
I see fundamental value well above this, why do you expect a dump?
Ann: Delorean Corporation Market Update - FY24 Guidance, page-38
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $36.34M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $32.42K | 201.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70927 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 92609 | 4 |
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| Last trade - 13.58pm 07/11/2024 (20 minute delay) ? |
| DEL (ASX) Chart |