DCC 2.70% 3.8¢ digitalx limited

SP is what it it. The market as of day values this company at...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,224 Posts.
    lightbulb Created with Sketch. 1
    SP is what it it. The market as of day values this company at between $25M-$30M market cap and that includes all relevant info such as Airpocket completed, Telefonica deal and directX. The market is always right in its risk/reward assessment on that day, but if you go out 1 month, 3 months, 6 months or longer the market can be staggeringly wrong.

    So at the moment the market is saying, "yeah you have a deal with Telefonica and a product built with blockchain but how is that going to make you money?" They see risks in the business and probably some risks with bitcoin. Over time these risks will be reduced by:

    1) Acceptance of blockchain/bitcoin as decentralised settlement and value transfer protocol (thats happening already in last 12 months, though bitcoin part not clear yet)
    2) Customers using our product. You can harp on about the advantages of a system but nothing says potential like paying customers.
    3) Profit being made. Doesn't have to be a lot to start with, P/E ratios of over 100 are possible for a truly disruptive product, but has to show massive growth prospects.

    So hopefully in next 3 months we see, decent downloads of Airpocket (customers), good usage of Airpocket (traction), a partner deal with a company with real customers (revenue/profit) who will use Airpocket straight away and a deal with a bank or financial institution (risk reduction).

    Chuck em in bottom drawer and see how this plays out for 3 months at least, cash position should be ok for at least a couple of quarters and with a bit of luck bitcoin will continue its run and directx can fund the initial stages till the big fish are landed.
 
watchlist Created with Sketch. Add DCC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.