Conclusion: anyone who thinks that 7% dividend yield is sustainable and safe has rocks in their head and hasn't done much investigative research into the financials of the company.
And the market realizes this, hence why DBI is dropping like a stone from its IPO price of $2.57
This stock is a dog dressed up with some lipstick called a 'proposed' dividend of 7%
IPO - Dalrymple Bay Infrastructure Limited - 8 December 2020 #, page-14
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Last
$3.08 |
Change
-0.070(2.22%) |
Mkt cap ! $1.526B | |||
| Open | High | Low | Value | Volume |
| $3.12 | $3.12 | $3.07 | $1.439M | 467.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 135 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 24005 | 7 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| DBI (ASX) Chart |