Forum Topics DSE DSE Takeover

Pinned straw:

Added 2 months ago

wow what a morning.

just did one of its best ever quarters and then the next minute a takeover at $5.90 per share occurs.

Looks like it will go ahead, all major shareholders are in agreeance. I am certainly stoked this is my largest IRL position. But on the other hand the timing of it just as they release a set of results like this makes me feel a bit strange. Overall happy.

With the currency exchange between AUD/USD and the fact DSE earns most its dollars in US currency I did feel this was inevitable. I have been a very long term shareholder so it is great. Also happy for Cheriff who seems like a solid dude.

Hopefully a counter offer comes in just to add the icing.

thunderhead
Added 2 months ago

Another one bites the dust on the local bourse.

Well done to all holders - I unfortunately never got on board though there were several opportunities to do so.

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Solvetheriddle
Added 2 months ago

Its so hard to find decent micros set for a long-term successful runway. then they get bid for.

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Strawman
Added 2 months ago

Wow, a 34% premium too.

Bitter sweet, as these things often are. It's nice to get the shorter term win, but you do lose the potential for a long-running compounder.

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UncleWally
Added 2 months ago

I agree @Strawman, I guess we'll never know how good DSE might have been. But I do know that a 30% premium is chump change if DSE was to ever reach its potential.

Good companies are hard to find.

I still hold some PME, XRO and WTC thanks to some great recs from my Motley Fool days 7 or 8 years ago and I sure am glad none of those companies were acquired back then as they have been life changing investments for me.

I have sold a considerable amount of them along the way but a 30% premium on PME or XRO wouldn't have come close to the share price appreciation I've benefited from had they been acquired back then.

I had to part with my long held Altium shares last year but not before they became a 10 bagger. A 30% premium 7 or 8 years ago wouldn't have compared if they were acquired back in the day.

I alway feel duped when one of my holdings is acquired and DSE is no exception. I'm wondering where they might be in 7 or 8 years.

Presumably NinjaOne saw value and were happy to pay up for it. Not sure the major shareholders are thinking along the same lines going by the amount of acceptance of the offer.

Another one bites the dust....????


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Strawman
Added 2 months ago

@UncleWally well said.

And a good reminder that you only need a few long term compounders to make a HUGE difference to your finances. (Assuming you can resist the urge to take short term profits along the way!)

Nicely done sir.

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Summer12
Added 2 months ago

Dragontail Systems was the one that hurt me the most.

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