Dropsuite Limited

ASX:DSE

Dropsuite Limited

ASX:DSE
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$5.80 (+0.2%)
Last close price
#47
Rank
9
Held by
43
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Reports (7) My Report Forum Investors
Forum Topics DSE DSE Ownership

Pinned straw:
jayjayjayjay
Added 2 months ago

Announcement today informing shareholders that topline have sold down a large portion of their stock. They do still hold ~19%.

I wonder if this is indication that it is unlikely another offer comes through and $5.90 is where things will end.

They may also be reducing the risk. With the market running pretty hot with good momentum there are likely easier ways to find a few extra % in other places.


Solvetheriddle
Added 2 months ago

Id be really surprised if a better offer comes. i think they will redeploy as required, like the rest of us, me anyway.

16
Strawman
Added 2 months ago

I'm going to follow suit here -- I could hold for another ~3 months and get $5.90, or forgo the 2.5% (potential) upside and redeploy the funds elsewhere.

And there's something to be said for a bird in the hand. While unlikely, the deal could still fall through if shareholders or the court reject it, regulatory approvals (FIRB, ASIC, ASX) aren’t granted, or Dropsuite faces a material adverse operational change in the interim.

I'll kick myself if a higher bid emerges... but I cant really complain. It's been a cracker of an investment for me -- got in at an average buy price of $2.10 (adjusting for the 10:1 consolidation), yielding a 95% CAGR over 2.5 years.

Vale DSE!

28
UncleWally
Added 2 months ago

#me2

11