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DDR - Dicker Data

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Slow and steady wins the day. Sugar hit today, let's see what the next few weeks brings.


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Took profit this week and made an exit.
Quarterly is due on 27 Feb and i don't want to be holding ....I've learnt the hard way about Tech companies and Reporting.
Lets re assess afterward.
 

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Its not a Tech company though @bk1, its a brown box distributer. I do think its well over valued, so no harm in taking profits. My cost base is so low that it would make no sense for me to sell, but I get why others might.
 
 
For those looking for a quick buck, today's the day to sell.

I'll be holding, I like the dividends and the capital gains of DDR, for now.

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“[Microsoft] Copilot is real. Copilot’s happening. We've been selling Copilot last 4 weeks. We have become a leading Copilot distributor in Australia and New Zealand…and in the last 4 weeks, it's been tremendous”
- Vladimir Mitnovetski, COO, Dicker Data Ltd
 
Dicker Data’s co-founder, David Dicker, was seeking to offload 10.2 per cent of the company in a $200 million block trade launched after Tuesday’s close.

Barrenjoey’s desk was seeking buyers for 18.3 million shares in the company at $10.90 a share, a 9.5 per cent discount to the last traded price
 
You're missing the point, it's a thinly traded stock at the best of times, you have to be careful.
The market, rightly or wrongly, has reacted this way before to Mr Dicker selling down some of his holding.
 
OK so the founder/director sold a few more shares at a discount. There was no need for the market to fall down to the price he negotiated but it did. Does this selloff present a good opportunity to buy? The market contrarian in me thinks yes. The trader in me says yes but how do I manage risk for a short term trade? Any price selected for a stop loss will be purely arbitrary if I buy at market.

ddr1.PNG


As I like to buy shares when they're going up I should place a buy stop order at say 10.95 (limit 11.00), then I can place my disaster stop loss exit below yesterday's low (10.55). The risk is defined as ~0.50 with a potential reward 3:1 if price rallies to the recent highs near 12.60.
 
As you know @peter2, I know nothing about trading, but my view is to ask, is the business worth any less than it was before Dicker sold shares as part of a divorce settlement? Clearly the answer is no, its worth the same as it was 2 days ago. The more difficult question is, which price more accurately reflects the value of the business?

My personal answer to that would be, it still looks to be trading well above value, and I would not be a buyer at anything like the current price. But thats easy to say when my cost price is about $1.40!

No doubt it will continue to go up as it has done for years, and I will be wrong again!
 
Thanks, I agree that the value of the business hasn't changed significantly since the Dicker sale. I also agree that a value investor will think this price is too high to buy. I do think that a long term investor should think about this selloff as an opportunity to buy more if their position size isn't too large already and they think the business has a solid future.
 
peter2 said:
OK so the founder/director sold a few more shares at a discount. There was no need for the market to fall down to the price he negotiated but it did. Does this selloff present a good opportunity to buy? The market contrarian in me thinks yes. The trader in me says yes but how do I manage risk for a short term trade? Any price selected for a stop loss will be purely arbitrary if I buy at market.

View attachment 172283

As I like to buy shares when they're going up I should place a buy stop order at say 10.95 (limit 11.00), then I can place my disaster stop loss exit below yesterday's low (10.55). The risk is defined as ~0.50 with a potential reward 3:1 if price rallies to the recent highs near 12.60.
Click to expand...

Thanks for your viewpoint, very interesting. I think my last top up buys were in May -June, but I’m always watching.

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www.tipranks.com

Dicker Data Limited (DDR) Share Forecast, Price Targets and Analysts Predictions - TipRanks.com

Dicker Data Limited Share forecast & analyst price target predictions based on 7 analysts offering 12-months price targets for DDR in the last 3 months.
www.tipranks.com www.tipranks.com
 
Annual General Meeting, I've never been to one. Thinking of taking a few days off to attend.

Dicker Data Limited (ASX: DDR) advises that its Annual General Meeting will be held as an in-person meeting on Monday 27th May 2024 commencing at 2.00pm AEST.

Further details will be provided in the Notice of Meeting which will be released to the ASX and provided to shareholders on Friday 26th April 2024.

Dicker Data further advises that nominations from persons seeking to be considered for election as a Director of the Company are required to be received at the registered office of the Company by 5.00pm (AEST) on 09 April 2024

Click to expand...
 

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