DUG - DUG Technology

[System]

DUG Technology is a technology company providing high performance computing as a service (HPCaaS), scientific data analysis services, and software solutions for the global technology and resource sectors.

DUG provides HPCaaS and Services for scientific data analysis. This includes processing and visualisation of scientific data, and R&D of software and associated algorithms. Any industry that has a need to manage, visualise, and/or process large and complex scientific datasets is a potential client.

Clients can access these products directly or through the DUG McCloud platform, an innovative and collaborative cloud model. DUG McCloud allows people to work together on a project whether they are co-located or spread around the world.

Most of DUG's traditional clients are in the resource sector. However, since 2019 DUG has been providing HPCaaS, scientific data analysis services and software solutions to a broader range of scientific endeavours.

It is anticipated that DUG will list on the ASX during August 2020.

https://dug.com

 

[Dona Ferentes]

DUG McCloud. Haha

 

[Miner]

https://dug.com/investor-centre/prospectus-download/
Stocks are floated at a substantial premium. Financially made losses.
very Closely held and purpose of the IPO is essentially buy off holding from the major holder. Possibly under technology hype, even at the high floating price, the stock could be oversubscribed. But would the company be making net profit even has a lot many international branches now with a humble start in garage shop in Perth ??

 

[Garpal Gumnut]

What has anyone dug up on the DUG listing.

gg

 

[Miner]

What has anyone dug up on the DUG listing.

gg

Not yet from me. Digging gold is now more sustainable

 

[Dona Ferentes]

Revenue from ordinary activities of US$49.4m represents a decrease of US$2.7m (5.2%) compared with the prior year. The decline is primarily in the Services division as COVID delayed the commencement of new projects in the last quarter of the financial year. Revenue in the HPCaaS division increased by 30.5% in FY20...

Operating profit was impacted by lower revenue and investment in the HPCaaS division where IT and sales and marketing headcount was expanded.

floated at IPO price of $1.35. Selling shareholders taking some off the table (a quarter of capital raised). Existing holders still have 57.4%

Employee of the month, Dug McCloud, not pulling his weight?

 

[Dona Ferentes]

the mid year rally sold off; now back to a buck, and likely lower when it reopens.

Dug Technology is raising $20 million to fund a range of projects spanning military and space, as well as renewables.

The raise takes the form of a $15 million placement to institutional investors split across two tranches, and a $5 million share purchase plan for retail investors, and priced at 90¢ per share.

 

[frugal.rock]

the mid year rally sold off; now back to a buck, and likely lower when it reopens.

Does that mean we should use the full name for now?

DUGless ?
or is it
DUGloss
?

 

[bk1]

Failed the Darvas box back in February, but volume spike yesterday and broke above 0.89c level. Bought at that signal.
No obvious news other than Tech is doing quite well at the moment, or certainly relative to the XJO....

 

[bk1]

Can you dig it...?

 

[Dona Ferentes]

not a fan of these arrangements, but it's better than nuttin', I guess. And might bring the C21 into class

DUG secures A$5 million in government funding for Geraldton HPC Campus

Highlights
• A$5 million in grant funding provided by the WA State Government.
• Expected to fund up to half the build of the first data hall and connected infrastructure.
• Will proceed to sign a lease for 44.5 hectares of land for 15 years, with two 5-year extensions.
• Compute and storage to be funded through asset-finance arrangements scaled to demand.
• Cash held at 30 June 2023 of US$8.0 million, net cash of US$5.2 million

...looks like a crawl back to respectability.

 

[Dona Ferentes]

Hitting a new high today..

Highlights
• DUG delivers record breaking profitability
o Revenue of US$50.9 million, up 51% driven by a 70% increase in Services revenue
o EBITDA of US$15.1 million, a record high, up 436%
o Net Profit after Tax of US$4.9 million, a record high, up 153%
o Operating Cash Inflows of US$13.4 million, a record high, up 3,253%
• DUG’s order book and balance sheet position the Company well for FY2024
o Order book of US$27.9 million at 30 June 2023, up 26%
o Cash of US$8.0 million, up 201%
o Net cash of US$5.2 million, up from net debt of US$1.8 million
• Record single month services contract wins of US$18.6 million in July 2023

since listing

 

[divs4ever]

What has anyone dug up on the DUG listing.

gg

as a computer hobbyist , i understand that for this company to make a meaningful difference it would need some very niche equipment ( hardware ) to compete with the likes of IBM , and Fujitsu for complex scientific calculations in a 'cloud setting '

i missed this stock so far and have no regrets

( i hold TNE , HSN , DTL and GTK all in nice profit , thanks )

 

[Dona Ferentes]

...looks like a crawl back to respectability.

... and still going. Not sure why it sold down last week, but it is now a $200 million company

.
today's news:
S&P/ASX All Technology Index – Effective 18 December, 2023
Addition: DUG - DUG Technology Limited

 

[Dona Ferentes]

one of my entries in 2024 FY competition

Market cap $235 million
PE of 24

 

[Dona Ferentes]

in keeping with the spirit of the competition:
"don't forget to put in your reasons in each thread why you think the share price will increase in 2024"

.... I'd like to think increasing mandates as the technology pushes into new project areas could help the SP rise. Index inclusion should help lift the profile of DUG amongst institutional investors.

( ...now that I have tipped it for 2024, I'm less confident than for the other 3 choices. But rabbits do emerge from icebergs, they say )

 

[Dona Ferentes]

DUG is one of my 4 entries in the CY2024 tipping comp. We await reporting season in Feb. So far, holding up well... XSO (Small Ords) for comparison.

.

 

[Dona Ferentes]

What has anyone dug up on the DUG listing.

data... big aircon bills.

.
The Company is pleased to announce that 600 new Intel® Xeon® CPU Max Series machines have now been deployed. In addition, we are investing in 1,500 AMD EPYCTM Genoa machines costing US$18.2m, to support growth of the Services business line. We have executed a Letter of Intent received from First National Capital LLC to lease the compute.

Managing Director Dr Matthew Lamont said: “It is very exciting to see our HPC capabilities grow in response to the increasing demand for our services. The Intel machines are already benefiting our active MP-FWI projects. The AMD machines are needed to accelerate delivery of both current and imminent projects, and to support the unprecedented demand we continue to see moving forward. These are exciting times indeed.”

 

[debtfree]

The sellers seem to be gone and price is going in the right direction atm.

 

[Dona Ferentes]

in keeping with the spirit of the CY24 competition:
( ...now that I have tipped it for 2024, I'm less confident than for the other 3 choices )

it just goes to prove .... something, @debtfree.
DUG is surging ahead, and is a star performer. The other 3 are in the green, but only just.


.
February has been a good month