Dicker Data Limited

ASX:DDR

Dicker Data Limited

ASX:DDR
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$10.35 (+0.2%)
Last close price
#70
Rank
17
Held by
58
Followers
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Reports (7) My Report Forum Investors
Forum Topics DDR DDR Industry/competitors

Pinned straw:
Mujo
Added 2 years ago

Interesting point from Wesfarmers's strategy day (re Officeworks) which has impacts for DDR and DTL.

"With the rise of AI, management noted that AI-enabled personal computers will be hitting the market in the next few months, and both Officeworks and its suppliers are of the view that this will lead to a major replacement cycle over the coming years."
Timocracy
Added 3 months ago

Is Dicker Data unloved by the AI hype train?

What am I missing here? I write this at a YTD high of $10, however I can't help but note the 2022 highs of $14 where from my understanding, the business hasn't necessarily improved much but has largely tracked along at a similar clip.

David Dicker has sold down a heap of shares and he was the biggest driver (pun intended) of faith in the business, I get that, but the whole operation relies on debt to expand. Data centres and the AI hype cycle should be seeing things like this get a re-rate given interest rates are on a downwards trajectory, shares have become more liquid and the TAM has increased substantially.

No numbers here, but happy to be shown why DDR is still not getting much love.

15
Timocracy
Added 3 months ago

Is Dicker Data unloved by the AI hype train?

What am I missing here? I write this at a YTD high of $10, however I can't help but note the 2022 highs of $14 where from my understanding, the business hasn't necessarily improved much but has largely tracked along at a similar clip.

David Dicker has sold down a heap of shares and he was the biggest driver (pun intended) of faith in the business, I get that, but the whole operation relies on debt to expand. Data centres and the AI hype cycle should be seeing things like this get a re-rate given interest rates are on a downwards trajectory, shares have become more liquid and the TAM has increased substantially.

No numbers here, but happy to be shown why DDR is still not getting much love.

5
Solvetheriddle
Added 3 months ago

@Timocracy im a holder of DDR, and that was a good result, the team there show they are "scrappy" and can smell biz opportunities. all good. they did note that SME is still slow and margins were lower as enterprise made up more of the biz. i class DDR as a good but not great biz, it's a reseller, not an IP generator. So I hold GOOG, MSFT, AMZN, NVDA, ASML, TSM etc and would look to play AI more directly through them and other US companies. the upshot is that there are better ways to play the AI theme, imo, but i think DDR will do well, sort of tag along trade, or be an outlet for AI exposure for those constrained to only ANZ investing. as a said before looking at $12 for DDR, but i dont see it as a multi year holding at this stage, not enough IP.

That's my view could be wrong

16
BoredSaint
Added 3 months ago

I do hold DDR and believe they are a solid business in the industry they are in.

The results were good compared to the past few years and driven a lot by enterprise clients which is different the past (usually more SME driven).

I think the market is just concerned that this may be a one-off driven by the refresh cycle and probably just cautious as to whether this will be continued in the next few reports.

14
thunderhead
Added 2 years ago

Well, I bought more of both around current levels very recently.

7