Diligent Boardbooks IPO

**Xerof** · 18-01-2011, 10:28 AM

Popped today, after looking likely with good bids trying to sneak a few in last week. Needs more volume to be convincing, but this should follow a similar pattern to XRO's stellar rerating now it's closed in on positive cashflow.

The model is a good one, and with the Henry's out of the picture, it can do well.

**Balance** · 18-01-2011, 10:35 AM

Originally Posted by percy

Will be interesting to see if it can reach last year's high of 70cents on 3rd of May.I note last price 67cents.

Note it's now 75c.

**Balance** · 18-01-2011, 10:58 AM

And now it's 80 cents.

**percy** · 18-01-2011, 11:13 AM

very positive announcement.

**Balance** · 18-01-2011, 11:21 AM

Expecting a retracement - too big a rise and still too many traders in there.

**Xerof** · 22-02-2011, 11:48 AM

Not much of a retrace, more a pause in proceedings. Should crack the $1.00 this quarter or next.

Huljich will be pleased - his funds large position must be closer to breakeven, if not in the money, once adjusted for his profit-smoothing cash top-up

**Balance** · 14-04-2011, 10:23 AM

Had a retracement back to 77 cents - now getting close to $1.00.

A real bonanza for those brave enough to go against the doomsday merchants (especially the ones on this site) - a 5 bagger!

Sale soon to a big player at $2.00?

**Xerof** · 14-04-2011, 10:58 AM

I think you will be right Balance - now ripe for a buy-out, having proven the model and the product, and now back on the radar with some credibility re-established

Exponential growth was always Brian's mantra for this product - pity he spoilt the party at the IPO stage