1. Most Discussed
  2. Gainers & Losers
DNA 18.0¢

Predictions for Tuesday

  1. Dustyg

    122 Posts.

    The previous thread is a pain to read, lets move on to what is likely to happen tomorrow when the Institutional Offer results are announced.
    3 things are likely to happen:
    1. I. O under-subscribed
    2. I.O successful.
    3 I.O Over-subscribed.

    If situation 1 occurs, this will tank on Tuesday. It means the Institutions don't believe its a good deal. Therefore PI's wont buy into it either.
    If Situation 2, DNA will gain some traction and trade 50s to 60s. PI's who believe, will buy to take advantage of the entitlement, some wont.
    If Situation 3 then everybody will be buying in to take advantage of the Entitlement offer on Tuesday, and this will rocket.

    I think we will get situation 3, based on my interpretation of the casino deal. It seems a good move by DNA with great figures, and explains why they have been quiet for so long. When trading was suspended I thought something bad was going on, as it turns out Im very confident now.
    But, Im no expert in buying a casino, so I cant be sure how the institutions will take it.
    Anyone else want to pick holes in my reasoning, feel free, Im always open to learning.
    Dusty G

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.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.