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Thoughts on Data#3 (DTL) please

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    Thoughts on Data#3 (DTL) please

    Hi guys Your thoughts on data3 .After they reported the shares dropped but it seems its on the way back up now. Thanks Tony

    Answer

    Hi Tony,

    DTL is recovering extremely well after its sharp 25% post-report drop after missing consensus EBIT by around 6%, not ideal for a stock priced for growth. Overall we believe the knee-jerk reaction by the stock was logical but operationally we believe DTL’s growth trajectory remains intact and attractive.

    • We are neutral DTL on valuation grounds as it recovers back towards $9 but as the market pushes ever higher, taking valuations with it another test of $10 wouldn’t surprise us.
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    Data#3 Ltd (DTL)
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