Because DTE has cut off a limb- DEI- and the market doesn't like it. It didn't like it when it was going on the SGX, and it doesn't like it going on AIM (a very secondary bourse, because the SGX float was a fail).
DTE was given out in-specie to shareholders, and so should give out DEI in-specie to shareholders. The Chief of DTE said at the AGM that around 30% of the company (DEI) is going to AIM, so the market will just continue ripping DTE apart in share price until the company listens.
When DTE said it wouldn't put DEI on the SGX, the share price recovered. Then it spoke about AIM and further slamming is happening. Management may seem unaware of why the share price continues to dive off a cliff, but it seems rather obvious to this outsider.
DTE Price at posting:
11.1¢ Sentiment: None Disclosure: Not Held
