I agree a progress report would go well. In the months of July-August fruit is budding ,finished flowering and general upkeep with fertilizer and pest control. We have been told that the recent rains have had no effect. Remember the plantations are spread. It may not be till late September that directors can make a informed statement as to this years crop and prices. Mind you if you look at todays announcement by Beston foods BFC who have failed to reach prospectus projections, their price is down 20% from 2 days ago. This is not DFM case.
I have long held that because of the thin spread of shareholders, the register was open to aggressive manipulation. What is curious to me is that did the trading sellers panic long term holders to sell. It is not impossible that the original holders were forced seller dictitated to by bankers or other finance houses.
I have done a rough analysis of trades on ASX and broker analysis in an attempt to understand who has caused all the turmoil.
Also got this piece from the web from BTIC (a broker) who admits to automated trading (use of bots)
" Custody and Clearing Solutions Custody and clearing solutions are available through fully-disclosed introducing broker relationships with two of the industry’s most respected providers, Goldman, Sachs & Co. (GS&Co.) and Pershing LLC, a BNY Mellon company. In addition, clients have the option to hold assets at both custodians creating a multi-prime brokerage environment.
In an industry that has become increasingly driven by low-touch, automated matching and execution services, BTIG is powered by something more intelligent and discerning - people. We apply our depth of experience, market insight and network of global relationships to give our clients an advantage in today’s challenging market environment..
And below is the spread sheet on trades
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
0
Date
High
Low
Close
Volume
Transactions
1
Last Ten Days[/B]
per day
per trade
2
03-Aug-16
106
100
105
382,144
242
1579
3
02-Aug-16
107
100
100
1,808,010
306
5909
4
01-Aug-16
107
100
106
1,702,629
317
5371
5
29-Jul-16
106
99
106
927,833
339
2737
6
28-Jul-16
105.5
101.5
102.5
392,618
189
2077
7
27-Jul-16
112
103
104.5
680,636
332
2050
8
26-Jul-16
121
104
108
1,212,638
777
1561
9
25-Jul-16
139
102
124
1,479,034
765
1933
10
22-Jul-16
151.5
130
139
371,742
311
1195
11
21-Jul-16
153
147
150
47,554
64
743
12
9,004,838
13
Last Ten Months
per day
per trade
14
Jul-16
174
99
106
6,196,448
201
77
15
Jun-16
222
161
164.5
2,360,889
162
36
16
May-16
247
200
224
5,983,487
61
246
17
Apr-16
249
171
247
5,711,304
26
548
18
Mar-16
197
150
185
438,375
14
81
19
Feb-16
170.5
135
160
443,424
8
132
20
Jan-16
138
124
135
1,754,456
16
278
21
Dec-15
139
125
126
1,058,282
10
262
22
Nov-15
145
122
131
546,315
8
169
23
24,492,980
Boy how times have changed!!
In the end earning will win out
DFM Price at posting:
$1.04 Sentiment: Buy Disclosure: Held