I suspect that the change in revenue recognition accounting might be having an impact - although for the life of me I can't understand why, because any self-respecting shareholder would have known that there is a significant agency element to the business model, which the financial heads at DTL only now decided to reflect in the accounting for Revenue.
But it has no bearing whatsoever on profitability (underlying or statutory), nor cash flows and the balance sheet.
So, from an intrinsic valuation standpoint, it makes zero difference.
.
Ann: DTL reports strong 1H FY24 earnings growth, page-5
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Last
$8.19 |
Change
0.220(2.76%) |
Mkt cap ! $1.267B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.26 | $8.02 | $4.487M | 549.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1411 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.22 | 1394 | 2 |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$8.20 |
Change
0.220 ( 3.31 %) |
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| Open | High | Low | Volume | ||
| $8.08 | $8.26 | $8.02 | 184600 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| DTL (ASX) Chart |