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DSE - Dropsuite Limited

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We have lift off...

You certainly have @aus_trader and good luck to you.

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Yes it finally filled in the gap @ .09 cents but only good if you were still hanging in there after the sell off in the market (Feb/Mar) :rolleyes: or you got in there after the fall had finished. :xyxthumbs

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greggles

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Looks like DSE is gaining some traction now. Where to from here? .15 looks on the cards if .09 is broken.

It's almost there, but looks like it needs a catalyst to get it above 9c. It's spent the last four trading sessions trading between 8c and 9c. It will break either up or down eventually, but which way?

Any news due soon?

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I agree with you, not quite sure about future news coming out @greggles but there has been a bit of interest lately from a US-based Fund Manager as reported by Stockhead.com 27th August (see below)

The Cybersecurity sector has had a booming 2020 as companies new to operating remotely recognize it's importance in light of the impact cyber attacks can have.
A handful of fund managers were buying into small caps in this sector. US-based Topline Capital also bought more of its cybersecurity holding, Dropsuite (DSE) and now has over 13 per cent.

Since this date they have brought more so they must see some value.
 
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Might be worth a look at again, for anyone so inclined.
One of the paid financial letter recommended DSE as hot stock today. By the time I could read and action, the price has gone up by 20 pc. Share speculation, investment or trading is a bloody full time job. Can not be done sneaking preview on phone in between shovelling dirt :(
 

Dona Ferentes

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A handful of fund managers were buying into small caps in this sector. US-based Topline Capital also bought more of its cybersecurity holding, Dropsuite (DSE) and now has over 13 per cent.
Since this date they have brought more so they must see some value.
Topline Capital holding is now 19.8%.

Am not really seeing DSE as a pureplay cybersecurity holding, more a product that will win or lose on facility of access and cost (there is churn). But the market is growing and cloud penetration / uptake still only about 25% (they say)

As a "cloud software platform enabling businesses to easily backup, recover and protect their important business information ..... Dropsuite's products include website and database backup, email backup and archiving, Microsoft Office 365, Google Workplace and Reseller Provisioning Platform."
  • 90% of sophisticated cyber-attacks start through email
  • 62% of breaches and data loss occur through human error

Microsoft Service Agreement - Clause 6B
Microsoft is not liable for any disruption or loss …. We recommend that you regularly backup your content and data that you store on the services or store using Third Party Apps and Services.
 

Dona Ferentes

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  • 90% of sophisticated cyber-attacks start through email
  • 62% of breaches and data loss occur through human error
Microsoft Service Agreement - Clause 6B
Microsoft is not liable for any disruption or loss …. We recommend that you regularly backup your content and data that you store on the services or store using Third Party Apps and Services.

Cloud based website and database backup and monitoring service Dropsuite has appointed Petra Capital to manage a $20 million placement to institutional investors. Priced at 21¢ per share, the offer comes at a 10.6 per cent discount to the previous close price.

The capital will go towards an acceleration of growth through acquisitions, complementing organic growth.

The company has 500,000 users across 100 countries and 354 IT reseller partnerships globally. It backs up Office 365, Workspace Gmail, Hosted Exchange, Open-Xchange, IMAP/POP, and websites to the cloud, It also offers eDiscovery solutions and business intelligence analytics for email.

........... 6c to 24c in a year. M/C around $140 million
 
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