Dicker Data Limited

ASX:DDR

Dicker Data Limited

ASX:DDR
TradeAdd trade order Follow Unfollow Set Price Alert
$8.48 (+2.8%)
Last close price
#22
Rank
35
Held by
57
Followers
TradeAdd trade order Follow Unfollow Set Price Alert
Reports (7) My Report Forum Investors
Forum Topics DDR DDR FY24 Market Update

Pinned straw:
raymon68
Added 7 months ago

Interim Dividend In line with the Company’s dividend policy to pay out 100% of after-tax profits, the Company will retain the current policy of paying quarterly dividends. The proposed rate for the interim dividends for FY24 will be 11.0 cents per share fully franked, an increase on the 10.0 cents per share paid in Q1 2023. The first interim dividend was declared 13th May 2024. It is expected that as per prior years the final dividend for FY24 to be paid in March 2025.



DICKER DATA LIMITED (ASX:DDR) - Ann: Q1 FY24 Market Update, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum


The Company remains well positioned in the market, retaining its strong market share across all key vendor partnerships. This demonstrates the broader market trends impacting the wider industry, which have been generally subdued. Our ability to hold our market share, despite the challenging economic climate, underscores our competitive strength and the effectiveness of our strategic market positioning. It reflects our resilience and adaptability in the face of industry-wide headwinds, and our commitment to delivering value to our customers remains unwavering. The Company retains an optimistic outlook for the second half of the FY24 period. Authorised for release by the Board of Dicker Data Ltd.

2410e9f06c8138b67c0713faac6d4b9175fadf.png

5bca89e5afcf7a7f6431e8e1ff2c5656988801.png


Punished down 13%

b2f461e9632fd6053c0ce7b4f521a0519c08bf.png
Karmast
Added 7 months ago

Was a disappointing quarter and the late Friday release is cheeky but at least it wasn't after close, which is more questionable to put it nicely. I did think this part of the announcement augers well for the medium term -

“The Company solidified its position as a leader in the Artificial Intelligence (AI)market following its appointment in Q124 as the only end-to-end NVIDIA distributor in the ANZ region and established a leadership position in the AI software arena, currently ranking as the number one distributor for Microsoft Copilot in both Australia and New Zealand”

21
BullsWool
Added 7 months ago

I agree - not a great update and to hold until last thing on Friday does make you feel a bit downbeat on the announcement.

I also think a large over reaction by the market given the company's ability to retain margin and the tailwinds that will exist as the AI hardware and software roll out picks up speed over the next couple of years. The other thing that points to a better second half is the dividend setting at 10% higher than last year. I would have thought that given the market reaction to their overreach last time, there would be a level of confidence in meeting an EPS of around 45c per share at least for the full year.



22
Solvetheriddle
Added 7 months ago

Two things with this one,

  1. non-discloser when it went their way $300m rev pulls forward--market should have been alerted at that point, but disclosure when it becomes a positive story, was down due to comping a high number. of course, DDR are not alone here C19 saw it all over the place. The toothless ASX should be onto this.
  2. the revenue hole led to no real EBITDA decline, the commentary about this was quite obtuse. of course that it good but leads to the question its profitless sales (unlikely) or costs lower, wasnt clearly stated.

overall its an over reaction IMO

held

27
thunderhead
Added 7 months ago

It will be interesting to see how the market reacts next week. Given the timing of the release, it's likely the full reaction hasn't flushed through yet.

15
thunderhead
Added 7 months ago

Great way to ring in the weekend. Thank you DD and co.!

12
Mujo
Added 7 months ago

Late Friday afternoon update not the best look. That said think this will be an opportunity to top up I think with short term market headwinds before medium term tailwinds for the industry.

13
raymon68
Added 7 months ago

@Mujo Yes 15:30pm on Friday arv DDR Updates the market.

Decided to check the 'Course of Sales' Pre-announcement Vs Post Announcement (3:15pm) Results:


After the announcement (3:15pm Friday)

from 3:29:32PM the price rot set in ...15 minutes after announcement

019ef003c92e7e9a1daac2dbc0c816b7e626b2.png



Pre - Announcement: Ho Hum.. Friday 17th circa 2pm

d7521cef75221e6d53aaae48a2614940556634.png


R.L holding



11
raymon68
Added 7 months ago

And the Explanation for Course of Sales Condition: CX ..................

What do CX, CXXT, and NXXT mean? (commsec.com.au)

826cacaf767835cfa50e182ffb68aa8e799b11.png

8f8238e7cbd4aa0a2ff411e9bfd1e99d8b9ced.png

10