Market's view on dotDigital Group
Published on April 2024
- A stock watcher highlighted the positive market tone for DOTD and the potential under-valuation of the stock, suggesting that earlier confirmation of progress could be beneficial.
- First half of 2024 earnings showed a slight decrease in EPS and net income, despite a revenue increase of 15%, driven by higher expenses.
- Another stock watcher expressed satisfaction with the results without specifying details.
- There’s anticipation around the performance of Fresh Relevance, suggesting expectations of steady progress rather than spectacular results.
- Speculation about an upcoming trading update indicates a potential breakout from the current trading range.
- Observations of an interesting market bounce on low volume were noted.
- Discussions around a significant investment based on a high P/E ratio in a business with high recurring revenue were shared.
- Positive sentiment surrounding the financial year results, highlighting a 10% revenue growth and strong cash balance post-acquisition.
- Positive reaction to inflation news, suggesting good prospects for stock holders.
- A stock watcher advised holding the stock long term for potential rewards, noting the need for a significant event to significantly increase the stock price over 100p.
- A statement about the stock waking up, referencing a strong SCSW recommendation.
- Queries raised about the accuracy of reported institutional holdings and the implications of changes in these holdings.
- Financial decisions were scrutinised, particularly the perceived overvaluation in a recent acquisition considering the financial state of the acquired company.