You're underestimating the herd mentality, which you would’ve seen in full effect these last 2 months. For many, "drones" automatically equates to "Droneshield." Do you really think these buyers are diving deep into the technical details of what products Droneshield is best suited for? Or that they are reviewing the balance sheet? I personally doubt it. To them, drones mean Droneshield.
H2 isn’t 6 months away. It’s happening now, and it's divided into two quarters. We’ll get Q3 results in October, which will give us an early indication of H2's performance. If Q3 is strong, people might expect Q4 to be outstanding, especially given the expectation that H2 seasonally delivers the best results.
What will drive sentiment down, and tank the SP further is if the Q3 results are as poor as the Q2 results.
DRO - Chart and TA., page-1610
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Last
$1.18 |
Change
-0.060(4.86%) |
Mkt cap ! $1.029B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.17 | $13.35M | 11.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 324644 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 74405 | 10 |
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| Last trade - 15.32pm 13/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |