DTL - Data#3 Limited
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Does anyone know why DTL holds so much cash on its books? It has a market cap of $169 million, negligible debt and cash of $109 million.
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The cash balance fluctuates massively between HY and FY results due to a big rush of orders as government budgets require spending before EOFY.
Despite this seasonality, they have been increasing the average cash balance over recent times.
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Thanks. When you look at DTL's EV/EBIT, you see that it is actually extremely cheap - much cheaper than its P/E ratio would lead you to believe.
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Data#3 fell 7.21% today on no news. Entire sector seems to be on the nose presently. Haven't really seen a direct trigger for the sentiment other than continued concern over industry change and ability of the participants to adapt.
I'm sure there will be a few 'upcoming election causing deferral' excuses coming up for any guidance misses. Other movements today included RXP -5.56%, ASZ -3.13%. Despite inching higher today SMX has been in capitulation mode, trading down to $1.65ish from around $2.60 at HY report.
Despite the falls, some of these companies have been providing decent numbers in the recent results, so could rebound strongly if results continue in that trajectory.
I'm sure there will be a few 'upcoming election causing deferral' excuses coming up for any guidance misses. Other movements today included RXP -5.56%, ASZ -3.13%. Despite inching higher today SMX has been in capitulation mode, trading down to $1.65ish from around $2.60 at HY report.
Despite the falls, some of these companies have been providing decent numbers in the recent results, so could rebound strongly if results continue in that trajectory.
Sound like a good time to pick up some more.
Knobby22
Mmmmmm 2nd breakfast
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Yes, but look where the next support line is.
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Exactly this.
DDR reported strongly in their first quarter. Similarly, I've read some Microsoft presentations that Azure (Cloud) uptake in Australia has increased >100% in the year. Based on the jobs I've seen for Pre-sales Cloud Architects, that seems to match.
I'd be surprised if any service providers with Cloud offerings reported a drop in revenues.
Yeah 5 cents sounds about right for the final dividend (assuming there's no accounting trickery inflating the profit and cash conversion is similar).
That's about 90% payout.
I'm assuming they'll exercise their option on the balance of the shares in Discovery Technology around 30 June 2017 (there's 38.4% of shares they don't already own, if I recall). Whilst it won't be a large outlay, depending on market value, it may require a couple of million.
Surprised slightly on the upside with their report yesterday, also a 5.5c dividend. One thing that concerns me slightly is the super high pay out ratio. I'd like to see more reinvestment into the business.
I bought in at a dollar just under a year ago. I wish all my stocks returned 50% over a the past year lol!!!
I bought in at a dollar just under a year ago. I wish all my stocks returned 50% over a the past year lol!!!
Underlying result wasn't quite as good as statutory number in my opinion - Just a tremor as valuation adjusts from one predominant understanding to next as far as I'm concerned. I thought price had got a bit ahead of itself but that's it - underlying business seems to be going right direction.
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Just out of curiousity, are you referring to the reversal of "deferred consideration" for business aspect?
Yes
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A very timely (lucky) entry last week for the weekly portfolio in the members section.
No news announced yet. The chart indicated that the stock was being accumulated as price was trading in a range that was constricting (triangle pattern) while the OBV (volume indicator) was rising and TMF >0 in both the daily and weekly charts.
No news announced yet. The chart indicated that the stock was being accumulated as price was trading in a range that was constricting (triangle pattern) while the OBV (volume indicator) was rising and TMF >0 in both the daily and weekly charts.
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Hi Peter2
Pardon my ignorance to read charts.
What exactly are you hinting?
On 16th June a major reduction on holding. Still the share price was not affected.
Pardon my ignorance to read charts.
What exactly are you hinting?
On 16th June a major reduction on holding. Still the share price was not affected.
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I was surprised by today's spike in price with above average volume and no corresponding news. I'm aware that price does get a little volatile sometimes in this stock due to the low daily volume. Someone was prepared to pay 7% more than yesterday in order to buy a parcel. I just expected there to be news and was surprised there was none reported to the ASX.
I've been monitoring this chart for some time as price has traded in a range for seven months. Break-outs after such a long period can be strong and rewarding if you hold.
I've been monitoring this chart for some time as price has traded in a range for seven months. Break-outs after such a long period can be strong and rewarding if you hold.
