It finally broke out of the range it's been stuck in in the last 6 months. The only thing not working chart wise is the gap this morning. Other than that' it's looking great. The market is supposed to be forward looking, if this is priced on FY24 earnings taking into account more growth to come in FY25, then this is hopefully the start of a much larger rally. After the excruciating trading over the last 6 months I had given up hope of my initial PT of $11. It's on the cards now but I wouldn't be surprised if we have to wait a bit longer to see double digits. I'm certainly not holding my breath. But I do know that earnings are highly likely to improve significantly in FY24 and FY25 so the time will come. It's just a matter of when the market decides to price in higher future earnings.
DDR Price at posting:
$9.49 Sentiment: Buy Disclosure: Held
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