Feeling your pain mate. I've been in DRO for almost 5 years now waiting for a material increase to their order book to trigger a decent SP raise, but it's perpetually just around the corner.
Just some high level thoughts. DRO is burning the best part of ~$3.5m a quarter with minimal receipts coming thru (those receipts that are coming thru are only marginally more than manufacturing). Plus Government grants and tax incentives and probably diminishing.
Seems that there has only been 2 decent contract wins this quarter too, December order for $600k and November for $800k. Hopefully there is was a stack of small orders in the period which haven't been announced, and hopefully I'm wrong but I think the stagnation is set to continue. DRO just can't land a mega contract, or get a critical mass of decent small contracts to offset the R&D and OH costs...
Feeling your pain mate. I've been in DRO for almost 5 years now...
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Last
$1.09 |
Change
0.075(7.39%) |
Mkt cap ! $950.5M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.02 | $22.75M | 21.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25001 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 108609 | 10 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |