I understand and agree with your concerns. My opinion is that DRO is expanding the inventory to support massive sales they are planning for the near future, hence the current loss from operations for the quarter. If that is true then soon we should see the opposite numbers when they sell the expanded inventory.
So far I personally rate this as a speculative strong buy. And I am keen to lose the "speculative" as soon as the company turns to a meaningful consistent profit. But that is just my opinion, not an advice of any kind.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11
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Last
$1.83 |
Change
-0.190(9.41%) |
Mkt cap ! $1.395B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.11 | $1.55 | $137.0M | 78.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54220 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 56256 | 4 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |