DRO 5.42% 87.5¢ droneshield limited

I agree with much of your sentiment but I trust the management....

  1. 11,314 Posts.
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    I agree with much of your sentiment but I trust the management. Given, yes we peaked after the NATO announcement for a day or two before the raise at a steep discount, annoying yep but if you have held for more than 5 minutes you can't be disappointed with the chart. My average buy is 18 cents and yep I trade 10% but this is a long term play for me at the moment. Can't see a better opportunity on the ASX at the moment
    https://hotcopper.com.au/data/attachments/6121/6121408-06791cfbfcb16435b94c822902ee6441.jpg


    I'll leave you with this from the chairman today

    "DroneShield has continued to ramp up its mass production capabilities to the current $400 million
    annual capacity
    , across supply chain, inventory and deployment aspects, with the goal of
    immediate or short-term fulfilment of customer orders, including anticipated record-size orders.
    This included moving to a larger Sydney facility in January 2024, at 3x the floorspace of the
    previous location, as well as scaling up of its outsourced manufacturing. As the case in point, the
    $4.3 million contract with the US Government announced mid-March, was filled within days of
    receiving the order. Rapid order fulfilments not only enable the Company to recognise revenues
    and receive cash receipts faster, but also increase the likelihood of the customers placing repeat
    and larger purchase orders with DroneShield.

 
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Last
87.5¢
Change
0.045(5.42%)
Mkt cap ! $616.3M
Open High Low Value Volume
83.5¢ 88.0¢ 81.5¢ $9.089M 10.64M

Buyers (Bids)

No. Vol. Price($)
3 68605 87.0¢
 

Sellers (Offers)

Price($) Vol. No.
87.5¢ 120128 3
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Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
86.5¢
  Change
0.045 ( 4.48 %)
Open High Low Volume
83.5¢ 88.0¢ 81.5¢ 4222438
Last updated 15.59pm 06/05/2024 ?
DRO (ASX) Chart
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