In the 6-12 months before I first bought it, I had been starting to invest in smaller market cap companies on the ASX. Some of these were recommended by motley fool and I was understanding that risk could be mitigated by more diversification and buying smaller parcels over time, adding to winners. Dicker was not recommended by that service, but I was getting more comfortable with smaller cap companies. I also started to rate all companies with a 'risk assessment'. Dicker seemed to have lower risk compared to many of the others so that was a key factor. Also the COO had been buying which gave me some confidence.
Some of the things I liked were: profitable, positive cashflow, had diversified customers, double digit revenue growth, transparent reporting, good ROE, PE <30, market cap > $250M, high ownership by key insiders, owner founder and management team in place for a long period. I also liked that it was in an industry that had positive tailwinds.
To put all this in perspective, even after buying multiple parcels since, it accounts for about 3.2% of my investments, and now making up about 4.5% of the portfolio. Its my 6th largest position now, from about 50 companies.
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$9.08 |
Change
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Mkt cap ! $1.639B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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14 | 793 | $9.08 |
Sellers (Offers)
Price($) | Vol. | No. |
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$9.09 | 516 | 8 |
View Market Depth
No. | Vol. | Price($) |
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8 | 535 | 9.070 |
7 | 1208 | 9.060 |
5 | 676 | 9.050 |
4 | 2224 | 9.040 |
Price($) | Vol. | No. |
---|---|---|
9.090 | 677 | 9 |
9.100 | 701 | 7 |
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9.120 | 2339 | 4 |
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