pretty clear that somebody keeps pushing the price down but fundamentally i cant work out why this company is priced so low.
last weeks order alone is worth $3.9 million AUD to DDUK, 72% owned by DDT. DDT's current market cap is only $4.5 million.
they have no debt and whilst i am aware there is the possibility of a capital raising hanging over their head, i reckon now the south african dispute is resolved they may be able to get through to the end of the financial year, claim an R&D expense from the ATO and avoid a capital raising in the short term.
last year they reported a maiden profit, with last weeks news out of Europe it really seems to be a go forward - DDT have NEVER seen revenues out of Europe in the vicinity of last weeks single order.
with Datatrace now being applicable to other items such as ink, paper, concrete, wood etc - cars are not the only string to their bow.
there might be something going on that i am unaware of but i seriously cannot fathom why this is so cheap.
any thoughts guys? serious comments would be appreciated.
DDT Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
