I was initially happy with the DCB number, at first glance...
Then I did my research and compared other announcements and came out with a very slow growth rate. Obvious red flag..
Then I saw that management wasn't going to release a quarterly. Knowing they are not bound to do so by ASX rules, and that they did so with good number, regardless, last year, I saw another red flag...
Then I saw the SP wasn't even going to bounce off huge 27 support. Massive red flag...
The story changed, so I reassessed, and it's getting worse, not better. This is a growth stock, and it is not growing at the rate the market would expect after how management has talked it up, especially in the DCB sector which they are pinning their hopes on.
Still on my watchlist, but these guys need to prove they are growing much, much faster if I am to buy back in.
WHEN THE STORY CHANGES, I CHANGE MY MIND. WHAT DO YOU DO?
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