The Channel logo

News

By | Richard Chirgwin 24th January 2011 20:50

Listing disto Dicker Data leaps 5% on day one

One penny extra per share...

In practically the only tech float currently slated for 2011 on the Australian Stock Exchange (ASX), Dicker Data is trading at 21 cents per share, after listing at 20 cents.

The float of the hardware distributor illustrates, among other things, the way the mining boom is distorting Australia’s economy. Of the 31 upcoming floats currently listed by the ASX, 26 are in the mining and exploration sector; two are in agriculture; and biotech, IT and the financial sector manage one each.

Dicker’s listing documents aptly illustrate the slim margins available in Australia’s distribution business, with post-tax profits hovering at between 1.4 per cent and 1.74 per cent of turnover. In 2010, Dicker’s turnover of more than $286m yielded $4.5m profit.

The hardware distributor lists HP, Asus, Belkin, Canon, NEC, Kingston, Iomega, Netgear, Samsung, Sony, Targus and Toshiba as its vendors. ®

alert Send corrections

Opinion

Photo of HP Enterprise office
Apple Mac Mini late 2014

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears

Features

Venomous snake
Potential deleterious effects more like a snakebite* than a snake bite
Windows Server
Hacked US CENTCOM Twitter account
Roll up, roll up, get your exclusive market insights