DCL 0.00% 1.1¢ domacom limited

Interesting trading action leading up to the ASX opening this...

  1. 258 Posts.
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    Interesting trading action leading up to the ASX opening this morning. We had a couple of punters buying stock above the quoted sell prices. "Go Figure" .... looked more like someone putting in place a artificial floor, rather than IMO what I would expect of balanced trade activity. Perhaps a bit of flooring and ramping.

    Still trying to work out how long it will take for the cash burn rate to consume the new debt. I think the Financial Standard reported Feb 2019, that sounds ambitious but without the publication by Domacom of the revised numbers stemming from their cost cutting exercise you just cant work it out.
 
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