Feeds

Listing disto Dicker Data leaps 5% on day one

One penny extra per share...

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.