Australia's largest stock trading and investment forum Australia's #1 stock forum

DEL

Click for more information

4.26%

4.9¢ delorean corporation limited

Brokers want you to keep trading in and out. That's how they...

First 15 Last

Share
Profile

Follow
aruc6393

2,516 Posts.

742

19/08/21

14:19

Post #: 55416673
Share

Originally posted by dabozza: ↑

It's such bad advice. It is transparently just saying to their clients "trade don't invest", and that's a terrible piece of advice because most people will lose money that way. Where's the fundamentals in that recommendation? Will they shift it to buy now that it's 23c?

One has to be keenly aware of the difference between target price, and valuation. To my mind, until there is something fundamental that changes the situation, I am holding. My calculations are showing around 31c of value with plenty of upside potential - noting this is a long term buy-and-hold play with operational and capital risks. Morgans is correct to flag that there are risks, and perhaps at 25c there is too much risk relative to the potential payout to buy? I am not buying at that levels. But it doesn't make me a sell because it simply reaches fair valuation, it'd need to exceed it by a fair margin before I trimmed.

GLTAH. Hopefully we can get an update from management soon.

Expand

Brokers want you to keep trading in and out. That's how they make their money - brokerage. They love giving the impression that everyone needs to keep active and on their toes in the market to make money.

If people stayed still, they make less money.

IMO.

DEL Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 15 more messages in this thread...

First 15 Last

Add DEL (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change 0.002(4.26%)		Mkt cap ! $10.57M

Open	High	Low	Value	Volume
4.9¢	4.9¢	4.9¢	$1.675K	34.19K

Buyers (Bids)

No.	Vol.	Price($)
1	2000	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	32831	2

View Market Depth

No.	Vol.	Price($)
1	2000	0.047
1	20000	0.040
1	15000	0.035
3	183333	0.030
1	155569	0.019

Price($)	Vol.	No.
0.049	32831	2
0.050	105000	3
0.053	4753	1
0.054	55000	1
0.058	50000	1

Last trade - 16.10pm 26/04/2024 (20 minute delay)

DEL (ASX) Chart