IDT - IDT Australia

[Garpal Gumnut]

@Dona Ferentes @finicky

Thanks for the commentary on IDT. I was going to have a punt on it but it escaped me in the Hydrogen fog.

It is a shame that an Australian mRNA outfit was not able to be included in Moderna's manufacturing in Australia. Or is there an Aussie listed company which will benefit?

gg

 

[finicky]

Qtrly report today - sales improve last two Quarters
Now they're into hippy and feral drugs (only via a shrink's prescription)

Held

 

[finicky]

How crass. Hot on the heels of a company preso May 23, out to rope a few hesitant retailers in, they went into a trading halt June 1 and today announced a heavily discounted placement @ 0.065. Immediately the shares have dropped 30% to intraday low of 0.067 - what's it going to be when the first tranche of 61m new issuance shares come onto the market June 9, added to which tax loss selling season? Taylor Collinson get 4% of proceeds plus 20m 4 year duration options ex 0.091. Another finance jackal gets 2% success fee, so 6% fee all up.

After the second tranche of 16m shares places there should be:
244m + 61m + 16m = 321m fpos
At least 20m options (4 yrs ex 0.091)
Performance shares?

Held

 

[finicky]

12 months high today according to Nabtrade. Closed up 1c or 9%

Don't take any interest in it anymore.
Been a bit of positive news lately that I haven't read. Notice that it has recently announced an entitlement offer @ 9c. True to form.

Must admit the monthly chart had shown positive signs: last year 2023 tiny bodied candles were forming a potential rounded low that was interrupted by an impulse rise on an announcement. Now price had been forming a handle under 11c. I don't really trust the action though and doubt that I will particpate in the entitlement cap raise. If I hadn't experienced the false promises of this company I'd be interested in the chart

Held

MONTHLY Decade

 

[finicky]

Hit a 12 months high today, albeit pulling back. Up 17% at the moment, search me why.
Only 35% to go before I break even. From the weekly chart that actually looks a faint possibility!

Held

WEEKLY