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

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

Locker room jocks photo via Shutterstock
Best locker-room strategy: Avoid emulating AWS directly
STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock