DLS 0.00% 69.0¢ drillsearch energy limited

Ann: Macquarie Securities Conference , page-13

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  1. 6,299 Posts.
    lightbulb Created with Sketch. 48
    "{DLS} Will see a price adjustment soon though 1.4 wont be seen now"

    hefty, maybe you should have some hesitation re your 'won't go sub 140c' and look at the sp chart for last two years and study June 2013 and June 2012 where the sp dropped down to 90.5c last year [and below 100c the year before] although the chart shows a 91c yearly low, I am absolutely certain there was one trade for 90.5c unless it was cancelled days later.
    I don't expect we'll see sub $1 again [and see you get shocked] either but having bought DLS the last two years in the 90s I am not quite so willing to put that in writing and just in case I have kept some powder dry for June in case we see yet again a flurry of tax loss selling after the bots have been at work driving the sp down in early June to a mark or level where punters can and will be selling DLS at a loss.
    Again I hope you're right with your 170-200c target range but fact is today it nudged 150.25c so to me sub 140c is not out of the question.
 
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