Just think of the following: the company keeps issuing shares to management regularly. When I exited a few years ago when BTC hit roughly $16K, DCC traded at ~42 cents. Now BTC value is ~$60K, and DCC trades at 6.5 cents... what does that tell you? The share dilution completely hammers regular shareholders, whilst regularly benefiting management via pump & dump (on top, management get salaries). In line with what I wrote ytday, I think the company will become a decent punt when the entire MC equals their BTC + cash (but still then, the performance rights that keep vesting will continue to screw regular shareholders...)
Just think of the following: the company keeps issuing shares to...
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Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $35.52M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.5¢ | 4.1¢ | $76.57K | 1.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 230525 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 238000 | 1 |
View Market Depth
| Last trade - 15.44pm 28/06/2024 (20 minute delay) ? |
| DCC (ASX) Chart |