DRO 6.11% 95.5¢ droneshield limited

They've raised at around a 200% premium to where the price...

  1. 14,835 Posts.
    lightbulb Created with Sketch. 3653
    They've raised at around a 200% premium to where the price was less than a year ago. The raise price was also at a premium to the price only a week prior to the raise, so any investor that had been in longer than a week would still be at a profit relative to the raise price. They are a profitable ultra high growth company that raised to fund further growth as opposed to simply keeping the lights on. There was heavy institutional demand for the raise, these institutions will now have their base positions, from which they will continue to accumulate more on market.

    If this is the "worst capital raise ever" and if you seriously think retail have been screwed despite the enormous gains that have been experienced here, you are either very new to the stock market and lack any experience and knowledge as to how it works, or you are deliberately attempting to create a negative perception in relation to the company. The recent AGM results though indicates that investors are very supportive of management, and the strong results they've delivered.
 
watchlist Created with Sketch. Add DRO (ASX) to my watchlist
(20min delay)
Last
95.5¢
Change
0.055(6.11%)
Mkt cap ! $690.6M
Open High Low Value Volume
90.0¢ 95.5¢ 89.0¢ $6.121M 6.557M

Buyers (Bids)

No. Vol. Price($)
1 207504 95.5¢
 

Sellers (Offers)

Price($) Vol. No.
96.0¢ 73317 9
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
95.0¢
  Change
0.055 ( 6.71 %)
Open High Low Volume
90.0¢ 95.5¢ 89.0¢ 2827540
Last updated 15.59pm 10/05/2024 ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.