1. Most Discussed
  2. Gainers & Losers
DKN 79.5¢

Deakin Cashed up and turned the corner

  1. Following the expiry of DKNO the company has come through the last 18 months of regrouping to be very well cashed up with around 20 m out of the 28 million dkno exercised at 20c by existing option holders (A strong vote of confidence in the board)and the balance of 9 million taken up by the underwriters .

    This was all done at 20c per option putting nearly $6 million in cash in the bank on top of the cash in the balance sheet of around 1.5 million that was expressed in the half year results.

    With Financial services a definate growth sector in coming years with the ageing population looking to get advice on saving and maximizing income in retirement Deakin should come under the microscope of the product suppliers who make money out of advisers sellling thir products.

    This is evident with Permanent trustees announcing a significant shareholder notice as recent as last week.

    I hold dkn shares and look forward to seeing if the company has continued its growth in revenue and profit turnaround in the second half of the financial year.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top