ASX:DDR — Dicker Data, Equity Research Report

Recommendation

Without beating around the bush, Dicker Data is a strong buy, and I’ve set a price target of 20% of the current price (A$13.59) which is A$16.308 raising the company valuation to 2.833B from 2.419B. I believe this price is achievable with the next 30 days.

Disclaimer

Firstly, i’m not yet a registered financial professional, secondly do not take any information as financial advise please do your diligent research and consult your financial professional, and thirdly I (my company) has a position in this stock at the time of writing purchasing the stock at A$13.59.

Company Update

On the 30th of July Dicker Data annouced that they acquired Exeed Group, which will propel Dicker Data NZ to become the second largest IT distributor in New Zealand with revenues of over NZD $500m. This resulting acquisition led to a 13% spike in share price.

On 5 May 2021 the Dicker Data released their Q1 2021 Earnings Report.

Investment Thesis

A lot of the basis of this investment comes from the interview with the CEO David DICKER by…