I'm not holding either, though DEM was the first IPO I bought into, so I still follow it closely. I'm not an "experienced" investor, so I'm using DEM as a learning case.
This is what I see..
Tiny daily trading volumes from Sept 17 to Mar 18, seldom breaking 100k shares traded.
5th March - Company announces 300k worth of orders (if revenue is going to be 10m, is it worth talking about?)
7th March- large single(!) buy order (~1m shares) @ about 20 cents
8th March - Company announces new membrane (kind of fluff but nice)
13th March - Company announces revenue target (its not ambitious at all)
13th March - (>2m shares traded), intra day high of 28 cents
14th March - Price collapses back to 20 cents
If the guy that bought in @ 20 cents and sold @ 28, he would be sitting on 80k of profit in a week (wish it was me!).
I'm happy to hear a different opinion though - please share what you think!
I'm not holding either, though DEM was the first IPO I bought...
Add DEM (ASX) to my watchlist
 (20min delay)
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $31.63M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.0¢ | $4.603K | 35.71K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22300 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 8320 | 1 |
View Market Depth
| Last trade - 14.58pm 03/05/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
-0.005 ( 8.33 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 13.0¢ | 80 | ||
| Last updated 13.12pm 03/05/2024 ? | |||||
| DEM (ASX) Chart |