Explore the latest developments concerning DroneShield house broker.
DroneShield house broker turns on ‘dead money’ stock after CEO sale
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DroneShield’s house broker says the sale of almost $70 million in shares by the company’s chief executive, chairman and a third director has killed interest from institutional investors in the hot defence technology stock, saying they will steer clear of the business for a long time.
Bell Potter was engaged to help DroneShield raise $220 million in two transactions last year, and has been bullish about the company’s prospects, recommending clients buy the stock. It most recently reaffirmed its forecasts that shares are headed to $5.30 over the year this month.
VIDEO: Calls to change ASX trading rules after DroneShield share crash
Governance experts are calling for a window of time preventing directors selling shares after ASX announcements.
Governance experts are calling for a window of time preventing directors selling shares after ASX announcements.
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Why DroneShield shares could rebound 150% higher
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A sharp selloff this week could have created a buying opportunity for investors.
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