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…
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 .
Editor, Markets and Money