I'm sure you are correct about Fluffy's analytical abilities, however to post in a positive light at 2c, sell out at 6.9c, and then post in a negative light at 7.2c is either disingenuous or just plain insensitive. Fluffy, as you have sold out after trebling your investment, it would probably have been better form to allow someone else to “discover” potential issues with the latest announcement -(you raised quite a few).
Regarding that announcement this afternoon –My guess is that it was a rushed presentation, as the Chairman announced in his letter on the Oct 1st, that he had “taken steps to ensure that on Friday of this week the CEO will release a statement on the company’s strategy and direction”. My guess is also that this was a result of shareholder pressure (reading between the lines of the Chairman’s letter) –hence the rush job.
I'm sure that no financials were included because a brief outline of recent financial performance had just been given two days earlier.
On the positive side, DDT has come down from 26.5c in March 2008, 13.5c on Armistice Day 2008, and hit the floor in the middle of this year after a poor looking FY2008 performance.
Historically the SP was 56c in mid 2006, so after a series of recent positive news, perhaps 7.2c may not be such a bad bet. Surely the 317Mill shares traded today can’t all be bought by people taking a punt like me.
Positive news (as reported by a Savvy investor earlier):
“.....their recent report states that the results for the first 2 months of the 2009/10 financial year show net profit over target. YTD sales are at 95% of budget with gross profit ahead of budget and expenditure well controlled and below budget. Sales to September 2009 have continued to be strong and their cash position has improved from $761,000 at the end of June 2009 to $1.01m at the end of August 2009.”
I’ve almost convinced myself that we won’t be in for a bloodbath on Monday. Perhaps a TH and cap-raising could be on the cards -more money tied up for weeks?
Cheers holders (you too Savvy) John S.
DDT Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
