Certainly not questioning your reasoning. I am here too and have...

First 40 Last

Share
Profile

Follow
pedrobolony

381 Posts.

69

14/10/20

13:31

Post #: 48086180
Share

Originally posted by sabine: ↑

Hi pedrobolony

The picture did not upload ... here it is again.

As you can see she is not investing big numbers and I don’t think her income puts her in a bracket where CGT would apply ?

NB; I only agreed to do this because she is a good friend and because she said the money had come unexpectedly and she sincerely wanted to throw it back out there - win or lose - and had no time and not even small understanding of how it worked

... and because I could afford to redeem any losses I incurred. ... And it is a short term thing .

(All three initial companies went down as soon as I bought them, then thankfully one came back to break even the other day so I bailed and joined the queue for more DDB at 42c.

But the price here started to move and I switched to another company instead.)

Retrospectively I wish I had put all into Dynamic but at the time I was thinking it is better to diversify.

For the record - I can be a bit reactive, pedro, but is not just that I met someone I have trust in who said this is a great business.

-In regards my own holding, I called a different friend who works as a financial advisor. He was impressed by some of the names backing DDB in the IPO and said he intended to buy a few..

-Another friend confirmed that - according to the quarterly, the numbers stacked up.

- Plus there is the new machinery, the recent Seek ads for more workers, the intimations of new contracts “in gold and/iron ore that are currently in initial stages

- Plus the huge growth in this sector.

- And, most important for me, the background that this is a a family story with proved success - floated as a way to achieve even greater success.

cheers

Expand

Certainly not questioning your reasoning. I am here too and have been since IPO for a lot of those reason.
Timing appears right in the sector and the company is mature enough to take advantage of new scopes to tender on. As you've said, the backing and between 75-80% of the stock tied up with strategic investors, family and directors all in for the long haul. Most importantly for me, thing company listed as cash flow positive. Most only dream to be in that position.
You may want to look closer at the impact of CGT as is won't matter if you invest 10 bucks or a million bucks....make a profit and want to sell within 12 months and you'll wear the full brunt of it. Ie. Give half to the tax man

DDB Price at posting: 55.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas