Whilst I think DRO is undervalued I will play naysayer. THIS quarterly is good, however the last quarterly was a horror show compared to expectations. There were payments that were meant to be received in the last that carried into here. So whilst the company is growing, the numbers in this one aren't "pure" so to speak. This would explain the muted response as the market goes on.
The volume for buying is much higher than the selling so that is always a plus but this isn't the knock it out of the park when we consider the half yearly as a whole vs initial expectations. How many years have we being waiting for the "imminent" signing of the Middle East contract. They dangled the carrot and people wont be satisfied till they get a bite.
I am very bullish on DRO but always wary with moving of the goal posts and cleverly worded releases. The question here is not how good this report is, it is can this be maintained for the next FY. I still have my free riding shares but haven't felt a need to load in again, only because it is trading in a range and I don't want to be trapped.
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Last
$1.30 |
Change
-0.055(4.07%) |
Mkt cap ! $937.7M |
Open | High | Low | Value | Volume |
$1.37 | $1.43 | $1.26 | $28.36M | 21.14M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 39568 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.30 | 41597 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 39568 | 1.270 |
3 | 55000 | 1.265 |
4 | 5593 | 1.260 |
4 | 21573 | 1.255 |
23 | 57297 | 1.250 |
Price($) | Vol. | No. |
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1.295 | 41597 | 3 |
1.300 | 58160 | 3 |
1.305 | 9948 | 1 |
1.310 | 699 | 1 |
1.315 | 27757 | 3 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$1.30 |
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Change
-0.055 ( 3.59 %) |
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Open | High | Low | Volume | ||
$1.37 | $1.43 | $1.26 | 4966243 | ||
Last updated 15.59pm 06/06/2024 ? |
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