The share price rise over the past few weeks has been the result of concerted pumping efforts by DXN (through some quick succession announcements) to raise the share price enough to not totally ruin its long term prospects when it did a CR.
That and DXN came onto the radar of a few retails after the open.
It's just been hubris. The company simply did what it said it was going to do. open a data centre. Nothing changed between when it was worth 4.Xc and now. My gut feeling is that they're holding off announcing their client list until after their CR so as to boost the numbers again. I find it hard to believe they don't have ANY clients yet.
But..... i have absolutely zero evidence to support my belief. ANd looking at the facts, DXN is currently a business with a data centre with no clients and is turning to CRs to sustain itself. Which is very bad.
they're the facts. Anythign beyond that, is optimism/hubris/speculation. But that's the stock market.
- Forums
- ASX - By Stock
- Ann: Trading Halt
The share price rise over the past few weeks has been the result...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DXN (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.0¢ |
Change
0.005(5.88%) |
Mkt cap ! $16.82M |
Open | High | Low | Value | Volume |
8.5¢ | 9.1¢ | 8.5¢ | $28.52K | 323.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5617 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 6036 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 41617 | 0.089 |
2 | 56916 | 0.088 |
1 | 6500 | 0.086 |
2 | 349999 | 0.085 |
1 | 54787 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 9468 | 2 |
0.092 | 42578 | 2 |
0.093 | 15000 | 1 |
0.095 | 63333 | 2 |
0.096 | 189000 | 2 |
Last trade - 12.39pm 04/10/2024 (20 minute delay) ? |
Featured News
DXN (ASX) Chart |