@LachlanC95. Looking at the SP chart today hitting an all time low of 68c, I'm reminded of some expensive lessons that I've learnt from decades of investing. Nothing surprises me more than how "cheap" a stock can get. I thought $1 was a buy for DSK until I re-assessed my outlook. I'm not anti-DSK. I'm sure this business will survive in some way. But that's not the point. The SP may never recover to previous levels, or take so long to do so that you would be better invested in cash for 5 years. IMO the stock is going to get cheaper from here. I don't know where the bottom will be, or how long it will float around that level. Dividends could also dry up for years while they rebuild / recapitalise the business. A CR is not out of the question. This sub-sector of consumer discretionary (home fragrance and gifts) is really struggling. The delay of interest rate cuts has killed any SP re-rate. IMO the SP will only bounce once the RBA starts easing. Until then its downhill. Happy to hear opposing viewpoints.
- Forums
- ASX - By Stock
- Ann: DSK 1H FY24 Investor Presentation
@LachlanC95. Looking at the SP chart today hitting an all time...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DSK (ASX) to my watchlist
(20min delay)
|
|||||
Last
86.5¢ |
Change
-0.035(3.89%) |
Mkt cap ! $53.86M |
Open | High | Low | Value | Volume |
88.0¢ | 88.0¢ | 86.0¢ | $35.01K | 40.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10082 | 86.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 202 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.865 |
2 | 7828 | 0.860 |
1 | 500 | 0.855 |
1 | 1470 | 0.850 |
1 | 18072 | 0.830 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 202 | 1 |
0.915 | 30000 | 1 |
0.980 | 10000 | 1 |
1.000 | 10371 | 2 |
1.010 | 1000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
DSK (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online