What’s Happening to the Dicker Data Share Price?

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What Does Dicker Data Do?

Dicker Data Limited [ASX:DDR] is a computer hardware distributor. The company listed on the ASX in 2011 but its history goes back to 1978. According to the company, its vendors include Hewlett-Packard, Cisco, Microsoft, Lenovo, Samsung, ASUS and other major brands.

What’s Happening to the Dicker Data Share Price?

Here is a weekly chart of the stock…

ASX DDR

Source: STEX

You can see the company has seen a prodigious rise since it listed. In May the company said that its full year forecast for a $30.9m pretax profit was on track to be achieved.

Last week on 10 June the company announced an interim dividend of $0.027 per fully paid ordinary share, fully franked. It went ex-dividend today. In today’s trade the stock is down about 3.5%.

What Now for Dicker Data Limited?

The company is expanding into New Zealand. It’s also looking to grow revenues by adding new vendors. In the AGM presentation, that includes: ‘Lenovo Enterprise, LG, Laser Technologies and expansion of our services with partnership agreement with Next DC data centre.’

Should the company break into new, all-time highs this year, you will know the market’s verdict on the growth prospects of these new developments.

Over at Cycles, Trends and Forecasts we expect the Aussie market to begin rising after June. A strong factor behind the market trending down is tax loss selling. A stronger market after June might make for a nice tailwind for DDR. Let’s wait and see.

This year the company has proved there is certainly plenty of profitable opportunities to be found in stocks, despite some suggesting otherwise. For more on why that is, go here .

Callum Newman

Editor, The Daily Reckoning

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Callum Newman

Callum Newman

Callum Newman is the editor of The Daily Reckoning and Associate Editor of Cycles, Trends and Forecasts. He also hosts The Daily Reckoning Podcast. Originally graduating with a degree in Communications, Callum decided financial markets were far more fascinating than anything Marshall McLuhan (the ‘medium is the message’) ever came up with. Today Callum spends his day reading and researching why currencies, commodities and stocks move like they do. So far he’s discovered it’s often in a way you least expect. To have Callum’s thoughts and insights on the current state of the currency, commodities and stock markets delivered straight to your inbox, take out a free subscription to The Daily Reckoning here.
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