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2.97%

$1.31 droneshield limited

Ann: Trading Halt, page-114

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Hiya

59 Posts.

7

31/07/24

12:32

Post #: 75002667
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Originally posted by Hiya: ↑

Will Bell Potter go against their own advice?

Shares downgradedWhile the above isn't enough for Bell Potter to continue recommending DroneShield shares as a buy, it does believe they have bottomed now.According to the note, the broker has downgraded its shares to a hold rating (from buy) with an improved price target of $1.60 (from $1.00). This is broadly in line with where DroneShield shares ended yesterday's session.Bell Potter summarises its downgrade as follows:Our long-term view of DroneShield remains unchanged, we view the company as a market leader in the still immature counter-drone market and one who will continue to benefit from substantial tailwinds in the defence sector. The company continues to be an attractive vehicle for exposure to popular investment themes, including geopolitical tensions, increasing use of drones and the rise of AI. However, at its current valuation DRO will attract increased scrutiny over its short-term performance and future contract announcements, thus we anticipate continued share price volatility. On this basis, we have downgraded our recommendation to HOLD as we await further evidence of pipeline conversion in the 2H or a more attractive entry point.

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Surely not, that would be price fixing!

DRO Price at posting: $1.39 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.31		Change -0.040(2.97%)		Mkt cap ! $1.138B

Open	High	Low	Value	Volume
$1.36	$1.37	$1.31	$10.85M	8.208M

Buyers (Bids)

No.	Vol.	Price($)
6	37050	$1.31

Sellers (Offers)

Price($)	Vol.	No.
$1.31	5000	1

View Market Depth

No.	Vol.	Price($)
6	37050	1.305
68	331019	1.300
8	148250	1.295
23	113689	1.290
8	93814	1.285

Price($)	Vol.	No.
1.310	5000	1
1.315	7589	1
1.320	32228	3
1.330	99702	5
1.335	40000	1

Last trade - 16.10pm 09/10/2024 (20 minute delay)

DRO (ASX) Chart

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