DNA 11.4% 3.9¢ donaco international limited

Ha Tien Vegas Resort, page-31

  1. 1,909 Posts.
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    See daily chart  - recent support at  81 cents was breached but looks like holding. The chart for the last 2 days looks pretty ugly. I can't figure out what is going on but there have been some headwinds. If you have a look at the SMH market blog today there is a session about the Macau casinos struggling (including Crown) with a solid downturn. Reasons given, a crackdown on corruption in China and travel restrictions from mainland  to Hong Kong since the unrest there. this could have led to guilty by association for DNA.

    I also think the market announcement on Monday created one of the biggest no-no's for a stock and that is uncertainty. The announcement was weak on detail, the deal won't be sealed until some time into 2015 and as it is still in due diligence etc it is hard to pin it down. Hence the speculation in these columns today about what and where etc. Not good when people have to start speculating. Probably should have been kept under warps until there is more announceable substance but that raises the potential for leaks.

    I am holding but feel the risk is elevated somewhat so decided to lighten a bit but ultimately  wont let the price settle below support at 81 cents, if it does I will be out.  

 
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Last
3.9¢
Change
0.004(11.4%)
Mkt cap ! $48.18M
Open High Low Value Volume
3.7¢ 3.9¢ 3.7¢ $6.198K 166.4K

Buyers (Bids)

No. Vol. Price($)
1 108884 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.9¢ 320000 2
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Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
DNA (ASX) Chart
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