From FY25, DGL will qualify to be added in the All Ordinaries Index.
The requirement is that DGL's market cap has to be amongst the 500 largest companies.
The smallest company in the All Ords as at 29 Feb 2024 has a market cap of $27.6m!
Institutions had better wake up and get in on DGL before the share price surges. FY25 is also when cashflow from capex starts gushing in.
Franking creditsIn addition, if 85% of DGL's group profits were generated in Australia over the past 4 years I estimate that DGL will have $26m of Franking Credits sitting in their Australian entities.
We all know how large the franking credit chasing cohort is in Australia..
From FY25, DGL will qualify to be added in the All Ordinaries...
Add DGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
57.0¢ |
Change
-0.005(0.87%) |
Mkt cap ! $162.5M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 58.0¢ | 57.0¢ | $312.8K | 546.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 726567 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 127123 | 4 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
57.5¢ |
Change
-0.005 ( 0.88 %) |
||||
| Open | High | Low | Volume | ||
| 57.0¢ | 58.0¢ | 57.0¢ | 55927 | ||
| Last updated 15.58pm 28/05/2024 ? | |||||
| DGL (ASX) Chart |