I wouldn't say pre-empting a not great outcome, more so preparing and informing the market that the capex has increased. Everybody should know this already however.
Many stocks have been met with sell offs this year following DFS capex numbers regardless of value. If that does happen here I will welcome the opportunity to increase my holding. If the market reacts maturely and realises the opportunity here with DEG, I will also increase my holding.
It's a win-win for me. The LOM and payback period will be great, investors eyes will more likely be drawn to financing and bridging the capex gap.
Ann: 2023 Annual Report to shareholders, page-4
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Last
$1.11 |
Change
-0.040(3.49%) |
Mkt cap ! $2.648B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.10 | $3.213M | 2.902M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 92314 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 110868 | 67 |
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| Last trade - 15.08pm 08/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |