DRO 2.80% $1.22 droneshield limited

Ann: Successful Completion of $120m Underwritten Placement, page-123

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  1. 3,145 Posts.
    lightbulb Created with Sketch. 1532
    So you are basing your target price on your own opinion that the market will get smashed.

    But the exact opposite could also happen.

    There is no real reason for the S&P500 to get smashed as it has underperformed. The NASDAQ and a few large tech stocks may have a correction - but it won't necessarily mean the whole market will tank.

    Generally speaking, the looming cuts in interest rates in the US should be a positive for many small to medium-sized companies, and agnostic to large Tech companies.

    I think the S&P500 will finish higher than today's level by the end of this year.

    But whatever I believe about the Macro, it doesn't affect my decision to buy DRO right now due to it being a cracking price - thanks to the recent sell-off then the Cap raise. Given the rapid growth of the company, what can they achieve in the next 6 months??. Probably more than enough to offset any negative macro market action??

    $1.15 will do me thanks!!! I'm not waiting..............
 
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