Divestment of 70,000 shares of Dutech Holdings
This was done just yesterday at $0.51. I still own 500,000 shares of Dutech. This in no way, reflects any bearishness on the company’s prospects. (I still own 500,000 shares anyway)
I felt compelled to divest partially as the share price has risen almost 100% since I first vested less than 18 mths ago.
I felt that the rise has been too rapid, and that part of the rise has been attributed to the latest analysts’ reports. I do agree with the analysts’ reports and their target price of $0.61 is fairly close to my own fair value estimates.
As always, I’m always reminded that there are many other participants reading the same reports as me, and while my fair value is a tad higher, I’m happy to take some profit now.
Holding 500,000 shares reflects my optimism about the long ......