Forum Topics DDR DDR Founder selling shares

Pinned straw:

Added 2 months ago

Big drop for Dicker Data this morning with the announcement that David Dicker has sold over 10% of the shares on issue for the company. This is similar drop to the last time this happened although this time the reason given is due to a divorce settlement. Last time he was spending on money toys such as his goal of entering a team in F1 that was ultimately knocked back.


https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02781655-2A1510016



thunderhead
2 months ago

I think the drop, for reasons that have seemingly nothing to do with business performance, has made the shares attractive enough to accumulate.

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Mujo
2 months ago

It does seem overkill but assuming the late trade has taken a lot of demand out for the stock for a while - hence the opportunity. Not a screaming buy but looks relatively attractive.

Ive been accumulating too, the fact rates should fall should also help ease some of the debt costs from working capital - opposite to DTL which has performed better in recent years int which rates due to the cash position. So may see a bit of relative better performance.


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