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
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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I agree with much of your sentiment but I trust the management....
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(20min delay)
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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($) | Vol. | No. |
---|---|---|
87.5¢ | 120128 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 68605 | 0.870 |
3 | 27226 | 0.865 |
6 | 452235 | 0.860 |
4 | 28150 | 0.855 |
8 | 219483 | 0.850 |
Price($) | Vol. | No. |
---|---|---|
0.875 | 120128 | 3 |
0.880 | 250732 | 9 |
0.885 | 24825 | 3 |
0.890 | 32900 | 6 |
0.895 | 34422 | 5 |
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 ? |
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