DCC 2.38% 4.1¢ digitalx limited

I am really afraid this stock will get hammered on Monday,...

  1. 267 Posts.
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    I am really afraid this stock will get hammered on Monday, unless the market has already fully priced in the non-existent revenue after the closure of DigitalX Direct. The current revenue of AUD 13,000 is scary: any sort of valuation in terms of revenue multiples would value this stock at less than 1 million AUD. Shall we take an "optimistic" multiple of say 10 (instead of say 4, which would be commonly used for tech stocks)? Then this company is currently worth about 130K... we need a miracle in terms of the remittance uptake, otherwise this company is dead within 9 months.

    I promised to myself a while ago that I am holding until the final day, and sitting on a fat loss right now, I am not intending to change my mind. But I really wonder if this stock will eventually hit the fable 0.1 cent...

    We need the patent approved for AirID, a miraculous growth of AirPocket remittance update and a dream deal from Lateral's clients.
 
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Last
4.1¢
Change
-0.001(2.38%)
Mkt cap ! $35.52M
Open High Low Value Volume
4.3¢ 4.5¢ 4.1¢ $76.57K 1.787M

Buyers (Bids)

No. Vol. Price($)
2 230525 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 238000 1
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Last trade - 15.44pm 28/06/2024 (20 minute delay) ?
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