No. The news was a complete change in fundamentals. DSE was rightly priced / undervalued considering the pace of it's growth and the near term positive cash flow.Investors started questioning the growth only after the news. Someone was able to sense the bad news before the official ann. It's very apparent (some selling and shorting before the bad news but after gaining 400k clients+when chart looked bullish).
With the info in hand at that time one would say, here we have a company which just gained 400k new clients(more than double) and is about to enter positive cash flow. The chart looks bullish as well. Lets accumulate.... Result- you can see that accumulation at the higher base (12c= 13c). Genuine investors did nothing wrong in their analysis.
Ann: Response to ASX Aware Query, page-13
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Last
$4.10 |
Change
0.060(1.49%) |
Mkt cap ! $239.5M | |||
| Open | High | Low | Value | Volume |
| $4.02 | $4.12 | $4.02 | $142.5K | 34.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2400 | $4.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.15 | 537 | 1 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| DSE (ASX) Chart |
