Balanced Portfolio - Buy Data#3 (DTL)
Date: 04/03/2024
*** GENERAL AVICE ONLY***
Data3 Limited (DTL) provides information technology solutions which draw on their broad range of products and services and, where relevant, with their alliances with other leading industry providers. Data3 has built a reputation not only on technical excellence, but on engaging with customers and suppliers fairly and honestly.
Mkt Cap: $1.3B
PE: 34
Yield: 2.6%
*** Trade Plan ***
DTL has been in a long term uptrend and even reached $10. It was sold off heavily after earnings down to $7.60 and has since recovered back to $8.30. This presents an opportunity to buy DTL at levels where the downside risk is easy to manage and allow us to play the resumption of the long term uptrend. Reported well for the last half, well positioned to the continued digitalization of our workplace and economy. The only negative was that management stated that the 2nd half could be softer. But still well-run company and good addition to balanced portfolio
Total Portfolio Allocation: Total Allocation 3%
Entry: $8.40 | Target: $10 | Stop: $6.50
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.