If by end of week 2 of July the large 100m+ sales still doesn’t come through, this make holding DRO highly risky into week 3 when Quarterly be likely out, and by the significant sales announced to today($4.5m) for Q2, this will drop hard like a drone shot down.
I’m out, there is nothing fundamentally comfortable at the current price, even DRO announce a $100m+ sales next week, most of that is already priced in, happy to miss the potential upside on that scenario, but also plenty free cash to catch the potential fall too, DRO undoubtedly is at a perfect stage of growth in a favourable macro market, definitely worth chasing for the next few years.
If by end of week 2 of July the large 100m+ sales still doesn’t...
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Last
$1.40 |
Change
-0.090(6.04%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.36 | $35.85M | 25.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 139470 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 14 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |