DCC 9.68% 5.6¢ digitalx limited

DCC Charting, page-24

  1. 1,836 Posts.
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    I agree this could happen, but T20 own 60% and management own just under 20%. Which leaves only 20million free float of which a lot of the weaker hands holding this would have been flushed out in the Zhenya sager going to stronger hands (T20 and long termers) that want to average down.

    Merchant group did the 5c allocation and have corner stoned the investment. They would not allocate the bargain shares to just anyone as its in their best interest they dont just dump them and shank the share price more. As we have seen this has not happened, but im sure some of thess people will dump when good news comes. But this will be on good news and it wont be dumping, it will be more distribution more then anything as the heard comes following the good news.

    Regardless, theirs minimal shares on free float and DCC is getting to the business end of things where it can actually start producing strong revenue.
    Last edited by Johnnyzadeh: 16/09/16
 
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