The main issues with DRO:
- No moat. I believe it is already lagging behind competitors, based on significantly larger pipeline, yet not much converstion to sales
- Market too hot. Believe it or not, too much demand of anti-drone product is bad for DRO. It will attract big players entering the market and they have.
- The 200m cash will burn out quickly with increasing wages and sales cost, and don't forget, millions of fees each quarter for Bell Potter.
Ann: Successful Completion of $120m Underwritten Placement, page-188
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Last
$1.03 |
Change
-0.115(10.1%) |
Mkt cap ! $781.6M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.13 | $1.01 | $28.63M | 27.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 52323 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 1650 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |