"Data #3 Limited (ASX: DTL)
Historically a re-seller of desktop software, Data#3 is transitioning to a cloud-based software business. With cloud-based software providing higher margins, the company’s change in strategic direction is starting to deliver significant revenue growth for the company. Data#3 has considerable free cash flow which ensures the company is well-positioned from a capital management point of view and to make future acquisitions to supplement existing revenue streams."
Been an interesting channel for the past month or so fighting the 1.73-1.755 mark. Will be interesting if it breaks upwards or downwards from here. Appears the downwards floor is pretty high with some large orders in, but we all know they can disappear quickly!
DTL Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
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