June 2020
Stock I'm watching this month:-
DCC - DigitalX Limited
Sector: Technology
Market Cap: 13.93 Mil
Price/Earnings: N/A
Price/Book: 1.64
Return On Equity: -38.46%
Return On Assets: -20.4%
Debt/Equity: 4.45%
Reasons to watch: DCC provides block chain development and consulting services. It also has a bitcoin fund. Block chain definitely has a bright future, but of course at this point, it is hard to forecast which company will emerge as the leader in this space. BTC is also a speculative asset class, but with the amount of money printing ongoing at this moment, there is reason to believe that the current FIAT monetary system may actually come to a reset.
Risk: BTC is highly speculative. Block chain is an emerging technology but it is difficult to pick a winner in this sector.
Sentiment: Hold
Disclosure: Not Held
Current Price: $0.023
My Strike Price: $0.015 (Morningstar Intrinsic Value: $0.03)
Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.
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