Data#3 Limited

ASX:DTL

Data#3 Limited

ASX:DTL
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$7.65 (+0.7%)
Last close price
#27
Rank
17
Held by
28
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Reports (4) My Report Forum Investors
Forum Topics DTL DTL Bull Case

Pinned straw:
thunderhead
Last edited 8 months ago

Strong Day 2 rebound today on good volumes, which is bittersweet as it leaves me with only half a position.

Lends credence to the theory that the selloff was caused by punters hoping for ASX 200 inclusion and closing out their positions when the company fell short of consensus.
edgescape
8 months ago

Probably the small cap funds buying back in now that they got confirmation inclusion won't happen

For Data#3 to fulfill the liquidity requirement a few things need to happen:

  1. Directors/major shareholders should sell their shares. Telix is a good case study where Dr Christian Behrenbruch sold his stake as part of the admission
  2. Or find a way to issue more shares. Maybe using the existing placement facility or performance rights.


Or maybe a share split could work.



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thunderhead
8 months ago

For sure. Personally, I couldn't care less as long as the business is performing well. But when it happens, for the earlier stage investors, it is a massive free hit because of all the forced/passive/mandated buying that takes place after.

7