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Agreed Dip and Dsc;
This happens to all stocks. Just hold. The fundamentals of the business hasn't nosedived.
Hi Yo - what is important is being confident your chosen exponential growth based stocks are well placed to make the journey from small fry to either having a future as a mainstay in their sector or the potential for being targeted for a takeover with a nice pay off for the investors - certainly applies here I think :-)
We have some serious investors who have faith in the future here DVR, Chris Akers etc. , a partnership with lenovo for a global rollout and our sales director who came onboard last year moved over from having worked at Lenovo as their Education Bus. Devt. manager and must have seen real potential with Dev to leave and might be more to it too?
Then look at the how the partnership with Veative has evolved to where we are buying out a subsidiary and we know we have another material contract coming up in Q3/Q4, which I suspect will involve the combined skills of Dev and Veative - just conjecture again as above.
Also look closely at the individuals in the Business Advisory and Intelligence Group we have formed..........that will also lead to a lot of exposure, influence and business opportunities in the Education sector, as well as giving Dev a massive amount of insight into tapping into the real not perceived needs of our target audiences.
DYOR as always and I do understand you're frustrated but plenty of potential here - I feel we're at the beginning still.
agreed not nice to see BUT Dev has massive backers. Akers has a 100P end year target. Alan Dunn and Evertonrob have both bought heavily at 31p today (450K in total from their tweets but might be more). As someone said on twitter the big boys seem to have drawn a line in the sand at 30-31p. Warrants kick in at 50P..so that must be in someones sights...New deal was very good, but dilution and forward selling have hit us hard
Perhaps we all need to brace for when the 50P hits because all this will happen again. There is a history of 10-15% pullbacks on this epic rise over the last 18 months if you look at the price graph
Nothing of concern to lth imho
Dip666, I agree with your statement and the fundamentals are all there. just frustrating to see such a drop. maybe i'm just having a bad day. not nice to see such a dramatic paper loss.
Cheers
Yo
Anyone who has owned and/or managed a business that experiences phenomenal growth knows that it gets challenging in terms of capital requirements to provide the services/products such as manpower as the contracts get signed off. It gets stressful balancing the capital requirements, constantly onboarding and training staff, rehashing supplier contracts to cope with the extra bandwidth and ensuring you can support both old and new clients.
I am happy Dev are ensuring they have the funding in place as they grow. Businesses can actually fail through a lack of control when growing so quickly if not fiscally responsible and very organised. Still 8 months to year end and plenty of time for the share price to hit even the more optimistic targets - focus on the fundamentals would be my advice :-)
My ISA is primed, just need to time this top up well. Hopefully we won't see the 20s again so 30/31p is my buy point. We have a great future ahead
Medium/long-term hold
This will probably hit 50p in the next 3-6mths
I've been adding. 15% retracements have been common all the way on this bull run and that's what we've completed.
evertonrob (owns 25million dev shares allegedly) just bought 150k more
I would suggest we are at a good buy point
DEV seems to be taking a hammering over this "dilution" fear. As normal the market over reacts and most of the time it fails to see the long term prospects, just my opinion.