DCC 5.66% 5.0¢ digitalx limited

Ann: Half Yearly Report and Accounts, page-11

  1. 49 Posts.
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    Newbie to the stock as of this morning. Looks like a "solid" report on first reading, but also not following the stock long enough to know what expectations are. I thought a drop of .4% of revenue during a COVID year seems good. An 84.5% drop in the previous loss I assume is encouraging as is a 64% drop in cash outflow. A doubling of NTA to .037 also seems okay. Obviously the most significant item is the increase in the Bitcoin price from the previous year, which makes the balance sheet look significantly better. I'd think many are in the stock as a conduit to the Bitcoin price, so if you're bullish bitcoin seems a good buy, with some other potential "strings to the bow".
    Why the "prediction" of a drop to 7c at6568?
    Last edited by swingforfence: 25/02/21
 
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