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8.6¢ dxn limited

DCF valuation $0.08, page-25

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Oscar09

26,853 Posts.

1309

27/05/20

23:54

Post #: 44880729
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Originally posted by Corgi: ↑

Long time holder here.

It was complete stupidity and an act of insanity from some pin dick idiot holders, whom off the back of little volume caused mass destruction to the SP. Perhaps the directors should have undertaken some on market purchases to preserve the SP..

The company was trading at circa 5-5.5 cents and when the CR was announced at 4 cents, the SP immediately gapped down. the BOD decided to extend the CR close off period and during that period, there was the market shock, causing massive sell offs globally, which gave the underwriter an out. SP gaps down to circa 2 cents, Revised CR and happens again down to 1 cent.

The funny thing is, the company has actually out performed their targets for this FY 2020. Hell, their cash and assets are worth more than the current MC. How they navigate their way through the next 12 months managing cashflow will be key. As long as they keep getting sales, the SP & MC should accurately reflect a fair value of the company.

Anyways, GL to all new holders, not sure about it reaching 8 cents again, but definitely much higher than where it is now.

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good post mate,

seems they have been very unlucky with the timing.
Trying to raise at that time was just impossible .

to have an underwriter panic and pull out has caused serious price damage.

bit of patience and this will rebuild. Imo

DXN Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 8.6¢		Change -0.003(3.37%)		Mkt cap ! $16.63M

Open	High	Low	Value	Volume
8.7¢	8.8¢	8.6¢	$11.77K	136.3K

Buyers (Bids)

No.	Vol.	Price($)
2	21491	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	37749	2

View Market Depth

No.	Vol.	Price($)
1	100	0.087
2	349999	0.085
1	54787	0.084
1	17346	0.083
1	308302	0.081

Price($)	Vol.	No.
0.092	42578	2
0.095	63333	2
0.096	189000	2
0.098	310934	3
0.100	85333	3

Last trade - 10.36am 07/10/2024 (20 minute delay)

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