• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Most liked posts in thread: DXN - DXN Limited

  1. greggles

    greggles I'll be back!

    Posts:
    2,436
    Likes Received:
    1,212
    Joined:
    Jul 28, 2004
    Has DXN finally hit bottom? There has been some positive share price movement since its Sydney data centre was opened last Friday with a particularly big move today, up 24.1% to 7.2c.

    Is she finally ready to start turning around?
     
    Smurf1976 and barney like this.
  2. barney

    barney

    Posts:
    3,387
    Likes Received:
    1,271
    Joined:
    Aug 17, 2006
    Thanks again for the heads up Gregory:)

    I don't pretend to understand how these kind of Companies work, but a quick flick through their announcements gives a few interesting stats for anyone interested.

    They recently raised a fair chunk of cash …. +$8 million at 0.05 cents

    Macquarie Bank (MQG) have been adding substantially to their holding recently:wideyed:

    Top 20 holders hold approximately 67% of the Co.:geek:

    After todays close, the SP is $0.074 …

    Market cap is registered at approx. $21 million on Commsec (not sure if that includes todays rise)

    Cash on hand around $7 million (incl. recent $8 mill cap raise)

    DYOR probably the best suggestion.
     
    Smurf1976 likes this.
  3. Smurf1976

    Smurf1976

    Posts:
    9,422
    Likes Received:
    2,849
    Joined:
    Feb 14, 2005
    Down about 20% today with an announcement about raising some money.

    I haven't looked into the details so it's just a "heads up" to a significant price drop for those holding or interested in this stock. :2twocents
     
    barney likes this.
  4. barney

    barney

    Posts:
    3,387
    Likes Received:
    1,271
    Joined:
    Aug 17, 2006
    Thanks Smurph ……

    Call me weird, but I see a potential Buy/Accumulate trade developing here (dependent on appropriate price action of course)

    Further assessment required at this stage; either :cautious:;) ... or :confused::eek: ... lol, but the tea leaves seem to be brewing for a move either way!!
     
    Smurf1976 likes this.
  5. greggles

    greggles I'll be back!

    Posts:
    2,436
    Likes Received:
    1,212
    Joined:
    Jul 28, 2004
    Double bottom for DXN last month at 15c? Nice move today from 16.5c to finish at its high of the day of 20c. No news released today, so it's difficult to be sure what caused today's unusual price movement.

    big.chart-DXN.gif
     
  6. System

    System Administrator

    Posts:
    2,838
    Likes Received:
    39
    Joined:
    Jun 27, 2010
    On July 26th, 2019, The Data Exchange Network Limited changed its name to DXN Limited.