DCC 1.89% 5.4¢ digitalx limited

Just think of the following: the company keeps issuing shares to...

  1. 267 Posts.
    lightbulb Created with Sketch. 29
    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...)
 
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Last
5.4¢
Change
0.001(1.89%)
Mkt cap ! $46.78M
Open High Low Value Volume
5.3¢ 5.4¢ 5.0¢ $92.11K 1.752M

Buyers (Bids)

No. Vol. Price($)
4 113878 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 188678 1
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
DCC (ASX) Chart
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