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DCL - DomaCom Limited

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Well done to the brokers who found enough suckers to get this pile of garbage away at 75c.

1.8m shares came out of escrow yesterday. That's some conviction being shown by seed investors.
 
McLovin said:
Well done to the brokers who found enough suckers to get this pile of garbage away at 75c.
Click to expand...
and 5 years down the track, not a lot of love; things only got worse since @McLovin's post.

I came across a reference to DCL in an article on PropTech .. which his probably been eclipsed by FanjetTech (completely flicking past PropJet). As I read on, I learn that exposure to emerging technology innovations linked to Asia-Pacific property markets is commonly colloquialised as “proptech” or “realtech”. Not much later, I learn that,
"nfortunately, for the vast majority, the RealTech Ventures Fund will be out of reach. Access is by invitation only and comes with a minimum buy-in of $10 million."
Click to expand...

But never mind, if I can't or don't want to have exposure to Carbon Cure, for example, which injects carbon dioxide into cement, and Groundfloor, an Australian company pioneering “touch-free parcel delivery” access.. there are others

Unconcerned, I read that ASX listed players in the space include FastBricks (FBR), Global Data Centre Group (GDC), Intelicare Holdings (ICR), AssetOwl (AO1) and the aforementioned and thread's titular DCL.

Now because it is tech, it is appropriate to plug what I read into Google Translate, hoping there will be an unraveling of the text. Will I be any wiser?

Finally, he points to DomaCom Limited, which he describes as one of the “original proptech pioneers”. Regulated as a managed investment scheme, DomaCom is an early experimenter in fractional property investment.
That means it offers a product potentially well suited to young professionals and Millennial investors, many of whom have taken to the sharemarket during the pandemic but have been largely priced out of residential real estate.

DomaCom chief executive Arthur Naoumidis thinks it is fair to describe his company as an “early proptech”, given its initial focus on allowing retail investors to “syndicate or crowdfund” residential properties.

However, he says the company is not totally typical of the nascent sector.

The biggest tailwind facing the sector, Naoumidis says, has been a cultural one. “The key challenge is building sufficient scale and getting the investment community comfortable with the new fractional investment model,” he says.
Click to expand...

Yes, PropTech looks exciting
 
and did DCL list at 79c?

Market cap after all these years (and probably a few cap raises along the way) is $25M

Since Inception

 
Saw the Current Affair segment and the CEO of DomaCon didn't impress with his responses. HUGE red flag.
 
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