15 July, 2025 (16:00:00 AEST)<br><br><strong>Diversified United Investment (DUI: $A5.43) lifts 1.1% on average volume; +6c [+1.1%]<br></strong><br><br>www.buysellsignals.com<br><br>Diversified United Investment Limited's (ASX: DUI $A5.43) stock price lifted 6.0c (1.1%) from its previous trading session to close at $A5.43. <br><br>Compared with the All Ordinaries Index which rose 60.0 points (0.7%) in the day, the relative price increase was 0.4%. <br><br>There were 57,460 shares worth $A312,008 traded today; the volume was 1.1 times the average daily trading volume of 53,070 shares.<br><br>DIVERSIFIED UNITED INVESTMENT (DUI) Stock Dashboard [traded in Australian Dollars, AUD] End-of-Day Tue, Jul 15<br><br>http://www.dui.com.au<br><table><tr><td>Last</td><td>$A5.43</td></tr><tr><td>52-Week Price Range</td><td>$A4.88 - $A5.52</td></tr><tr><td>Ave Daily Volume</td><td>53,070 shares</td></tr><tr><td>Currency</td><td>1.000 AUD = 0.655 USD</td></tr><tr><td>Today's Volume [VI]</td><td>57,460 [1.1] </td></tr><tr><td>Market Cap</td><td>$A1 billion [US$766 million]</td></tr><tr><td>Exchange</td><td>AUSTRALIAN [ASX]</td></tr><tr><td>P/E</td><td>31.9</td></tr><tr><td>EPS (FY2024)</td><td>17.0c</td></tr><tr><td>EPS Growth (FY2024 vs FY2023)</td><td>-15%</td></tr><tr><td>Shares Outstanding</td><td>215,445,732</td></tr><tr><td>DUI in Indices</td><td>All Ordinaries [of 387 stocks]</td></tr><tr><td>Dividend Yield % (TTM)</td><td>2.95</td></tr><tr><td>DPS (past 12 months)</td><td>$A0.2 or 16c</td></tr><tr><td>Sector</td><td>Diversified Financials [Rank by MCap 20 of 172 stocks]</td></tr><tr><td>PV$1000 (1 yr) and TRS</td><td>$A1,121; 12.1%<br>US$1,082; 8.2%</td></tr></table><br>VI* Volume Index = Number of shares traded today/Average number of shares traded per day.<br><br>A year ago the exchange rate was USD 1 = 1.47 AUD. USD1000 would have bought $A1,474. A year ago the Diversified United Investment share price was $A5.0. $A1,474 would have bought 295 Diversified United Investment shares on that day. Those 295 shares would be worth $A1,602 at today's share price of $A5.43. At today's exchange rate of USD1=1.53 AUD this is equivalent to USD1,049. Dividends reinvested are worth $A34 ($33). PV$1000= $1,082.<br><br>Bearish Turning Point<br>Williams % R<br>The stock is overbought according to the Williams % R indicator of -20.0, suggesting the price is close to its 14-day high. The Williams % R was previously -60.0.<br><br>INDEX<br><br>SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX<br>SECTION 2 CORPORATE PROFILE<br>SECTION 3 THE PAST YEAR: PRESS RELEASES<br>SECTION 4 TODAY'S BULLISH SIGNALS<br>SECTION 5 ONGOING BULLISH PARAMETERS<br>SECTION 6 TODAY'S BEARISH SIGNALS<br>SECTION 7 ONGOING BEARISH PARAMETERS<br>Read more...<br><a target=_blank href="http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/Daily/short//Html/704_DSR_SR_Annexure.html">ANNEXURE</a><br><br>APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER<br>APPENDIX II STOCK IDENTIFIERS<br><br>SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX<br><table><tr><td>Jul 15</td><td>Last price in AUD</td><td>Annual Return of stock, %</td><td>Return of All Ordinaries Index, %</td><td>Net return Stock minus Index, %</td></tr><tr><td>2025</td><td>5.43</td><td>11.9</td><td>8.3</td><td>3.6</td></tr><tr><td>2024</td><td>5</td><td>7.5</td><td>8.5</td><td>-1</td></tr><tr><td>2023</td><td>4.65</td><td>6.5</td><td>7.3</td><td>-0.8</td></tr><tr><td>2022</td><td>4.36</td><td>-1.7</td><td>-8.2</td><td>6.5</td></tr><tr><td>2021</td><td>4.44</td><td>23.7</td><td>24.9</td><td>-1.2</td></tr></table><br>Annual return of the stock underperformed return of the Index in each of the past 3 years.<br><br>SECTION 2 CORPORATE PROFILE<br>2.1 Activities<br>Diversified United Investment Limited is an Australia-based investment company. The Company invests in Australian and international equities. The Company's investment objectives are to create and maintain a diversified portfolio of quality Australian companies, primarily through shares listed on the Australian Securities Exchange (ASX) and an investment in international markets and the investment policy is based on a medium to long-term view of providing income and capital appreciation. It also actively reviews the portfolio to monitor and reduce risks and identify market opportunities as they arise. It provides dividend income to shareholders, which is sustainable over the long-term, maintaining full franking when possible. The Company seeks to provide income and capital appreciation over the longer term for its shareholders through a portfolio of securities predominantly comprising shares of companies listed on the ASX with additional exposure to international markets.<br><br> It is Australia's 20th largest Diversified financials company by market capitalisation.<br><br>2.2 Contact Details<br><table><tr><td>Website</td><td>http://www.dui.com.au</td></tr><tr><td>Physical Address</td><td>Level 20, 101 Collins Street, MELBOURNE, VIC, AUSTRALIA, 3000</td></tr><tr><td>Phone</td><td>(03) 9654 0499</td></tr><tr><td>Fax</td><td>(03) 9654 3499</td></tr></table><br>2.3 Industry & Sector [of 261 stocks]<br><table><tr><td>Classification Level</td><td>Name of Sector</td></tr><tr><td>Economic Sector</td><td>Financials</td></tr><tr><td>Business Sector</td><td>Banking & Investment Services</td></tr><tr><td>Industry Group</td><td>Diversified Financial Services</td></tr><tr><td>Industry</td><td>Diversified Financial Services</td></tr></table><br>SECTION 3 THE PAST YEAR: PRESS RELEASES<br>3.1 Press Releases and Corporate Wire<br><br>Press Release article 1 of 20, 67 words <br><br>July 01: Diversified United Investment announces NTA of $A6.37<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.37 as on Friday, June 27, an increase of 0.3% in NTA from $A6.35 as on Friday, June 13. The shares closed at $A5.40 and represent a discount to NTA of 15.2%.<br><br>Press Release article 2 of 20, 66 words <br><br>June 18: Diversified United Investment announces NTA of $A6.35<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing  per share (NTA) was $A6.35 as on Friday, June 13, an increase of 1.0% in NTA from $A6.29 as on Friday, May 16. The shares closed at $A5.35 and represent a discount to NTA of 15.7%.<br><br>Press Release article 3 of 20, 67 words <br><br>May 20: Diversified United Investment announces NTA of $A6.29<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.29 as on Friday, May 16, an increase of 1.9% in NTA from $A6.17 as on Friday, May 09. The shares closed at $A5.36 and represent a discount to NTA of 14.8%.<br><br>Press Release article 4 of 20, 67 words <br><br>May 13: Diversified United Investment announces NTA of $A6.17<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.17 as on Friday, May 09, a decrease of 1.1% in NTA from $A6.24 as on Friday, May 02. The shares closed at $A5.30 and represent a discount to NTA of 14.1%.<br><br>Press Release article 5 of 20, 67 words <br><br>May 06: Diversified United Investment announces NTA of $A6.24<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.24 as on Friday, May 02, an increase of 3.5% in NTA from $A6.03 as on Thursday, April 24. The shares closed at $A5.20 and represent a discount to NTA of 16.7%.<br><br>Press Release article 6 of 20, 67 words <br><br>April 29: Diversified United Investment announces NTA of $A6.03<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.03 as on Thursday, April 24, an increase of 2.4% in NTA from $A5.89 as on Thursday, April 17. The shares closed at $A5.12 and represent a discount to NTA of 15.1%.<br><br>Press Release article 7 of 20, 67 words <br><br>April 22: Diversified United Investment announces NTA of $A5.89<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A5.89 as on Thursday, April 17, an increase of 1.4% in NTA from $A5.81 as on Friday, April 11. The shares closed at $A4.98 and represent a discount to NTA of 15.4%.<br><br>Press Release article 8 of 20, 67 words <br><br>April 15: Diversified United Investment announces NTA of $A5.81<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A5.81 as on Friday, April 11, a decrease of 0.5% in NTA from $A5.84 as on Friday, April 04. The shares closed at $A4.97 and represent a discount to NTA of 14.5%.<br><br>Press Release article 9 of 20, 67 words <br><br>April 08: Diversified United Investment announces NTA of $A5.84<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A5.84 as on Friday, April 04, a decrease of 2.3% in NTA from $A5.98 as on Monday, March 31. The shares closed at $A4.94 and represent a discount to NTA of 15.4%.<br><br>Press Release article 10 of 20, 67 words <br><br>April 07: Diversified United Investment announces NTA of $A5.98, down 1.3%<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing per share (NTA) was $A5.98 as on Monday, March 31, a decrease of 1.3% in NTA from $A6.06 as on Friday, March 28. The shares closed at $A4.95 and represent a discount to NTA of 17.2%.<br><br>Press Release article 11 of 20, 67 words <br><br>April 01: Diversified United Investment announces NTA of $A6.06<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.06 as on Friday, March 28, an increase of 0.7% in NTA from $A6.02 as on Friday, March 21. The shares closed at $A5.13 and represent a discount to NTA of 15.3%.<br><br>Press Release article 12 of 20, 67 words <br><br>March 25: Diversified United Investment announces NTA of $A6.02<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.02 as on Friday, March 21, an increase of 2.4% in NTA from $A5.88 as on Friday, March 14. The shares closed at $A5.11 and represent a discount to NTA of 15.1%.<br><br>Press Release article 13 of 20, 67 words <br><br>March 18: Diversified United Investment announces NTA of $A5.88<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A5.88 as on Friday, March 14, a decrease of 2.5% in NTA from $A6.03 as on Friday, March 07. The shares closed at $A4.99 and represent a discount to NTA of 15.1%.<br><br>Press Release article 14 of 20, 67 words <br><br>March 11: Diversified United Investment announces NTA of $A6.03<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.03 as on Friday, March 07, a decrease of 2.3% in NTA from $A6.17 as on Friday, February 28. The shares closed at $A5.09 and represent a discount to NTA of 15.6%.<br><br>Press Release article 15 of 20, 67 words <br><br>March 04: Diversified United Investment announces NTA of $A6.17<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.17 as on Friday, February 28, a decrease of 1.6% in NTA from $A6.27 as on Friday, February 21. The shares closed at $A5.12 and represent a discount to NTA of 17.0%.<br><br>Press Release article 16 of 20, Source: WEC, 47 words <br><br>February 28: Diversified United Investment announces dividend<br><br>Diversified United Investment today announced an interim dividend of 7.0c per share, franked to 100%. The ex-dividend date is Friday, February 28, 2025 and it is payable on Friday, March 21.<br><br>Press Release article 17 of 20, 67 words <br><br>February 26: Diversified United Investment announces NTA of $A6.27<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.27 as on Friday, February 21, a decrease of 2.6% in NTA from $A6.44 as on Friday, February 14. The shares closed at $A5.33 and represent a discount to NTA of 15.0%.<br><br>Press Release article 18 of 20, 67 words <br><br>February 18: Diversified United Investment announces NTA of $A6.44<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.44 as on Friday, February 14, an increase of 1.3% in NTA from $A6.36 as on Friday, February 07. The shares closed at $A5.34 and represent a discount to NTA of 17.1%.<br><br>Press Release article 19 of 20, 67 words <br><br>February 11: Diversified United Investment announces NTA of $A6.36<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.36 as on Friday, February 07, a decrease of 0.8% in NTA from $A6.41 as on Friday, January 31. The shares closed at $A5.28 and represent a discount to NTA of 17.0%.<br><br>Press Release article 20 of 20, 67 words <br><br>February 04: Diversified United Investment announces NTA of $A6.41<br><br>Diversified United Investment (DUI.AU) has announced its Net Tangible Asset backing Pre Tax per share (NTA) was $A6.41 as on Friday, January 31, an increase of 1.6% in NTA from $A6.31 as on Friday, January 24. The shares closed at $A5.23 and represent a discount to NTA of 18.4%.<br><br>SECTION 4 TODAY'S BULLISH SIGNALS<br>Price to Book of 1.1 < Diversified Financials sector (of 160 stocks) average of 2.9:<br>- The Price to Book of 1.1 indicates undervaluation compared with sector average of 2.9 and 3.8 for the Australian Market.<br>4.1 Relative Value Indicators: Undervaluation compared with Index averages and bond yield<br><br>- Earnings yield of 3.1% is more attractive compared with the Australian average earning yield of 1.7%.<br>- The earnings yield of 3.1% is below the 10-year bond yield of 4.4%. <br>(All figures in %)<br><table><tr><td>Earnings Yield</td><td>3.1</td></tr><tr><td>Australian avg</td><td>1.7</td></tr><tr><td>Dividend Yield</td><td>3.0</td></tr><tr><td>Bond Yield</td><td>4.4</td></tr></table><br>Dividend Yield > 2/3rd Bond Yield:<br>The dividend yield of 2.95% is 0.68 times the triple-A bond yield of 4.36%; it is also above the benchmark of 2/3rd set by Benjamin Graham. <br>(All figures in %)<br><table><tr><td>Dividend Yield</td><td>2.95</td></tr><tr><td>Bond Yield</td><td>4.36</td></tr><tr><td>Spread</td><td>1.41</td></tr></table><br>4.2 PAST WEEK: MODERATE MOMENTUM UP <br>DUI strengthens 0.7% on average volume 0.9 times average. Compared with the All Ordinaries Index which rose 46.6 points (or 0.5%) in the week, the relative price increase was 0.2%. <br><br>Diversified United Investment (DUI) outperformed the All Ordinaries Index in 3 out of 5 days. The price ranged between a high of $A5.43 on Tuesday Jul 15 and a low of $A5.37 on Monday Jul 14.<br><table><tr><td>Jul</td><td>Diversified United Investment</td><td>Close [AUD]</td><td>Change %</td><td>Comment</td></tr><tr><td>Tue 15</td><td>Lifts 1.1% on average volume</td><td>5.43</td><td>1.1</td><td>Top Rise</td></tr><tr><td>Mon 14</td><td>Unchanged on robust volume, 1.4 times average</td><td>5.37</td><td>0</td><td>VI*=1.4</td></tr><tr><td>Fri 11</td><td>Decreases on slipping relative strength</td><td>5.37</td><td>-0.6</td><td>Steepest Fall</td></tr><tr><td>Thu 10</td><td>Increases on firm volume</td><td>5.4</td><td>0.4</td><td>VI*=1.2</td></tr><tr><td>Wed 09</td><td>Decreases on weak volume</td><td>5.38</td><td>-0.2</td><td>Price fall on falling relative strength</td></tr></table>* RPC - Relative Price Change is % price change of stock less % change of the All Ordinaries Index.<br>[Volume Index (VI); 1 is average]<br><br>4.3 Uptrend<br><br>Price/Moving Average Price of 1.05 and positive MACD:<br>- The Price/MAP 200 for Diversified United Investment is 1.05. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the All Ordinaries Index of 1.04, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of $A5.35 is higher than the 200-day MAP of $A5.18, a third bullish indicator.<br>- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 5.39 minus the 26-day EMA of 5.37 is positive, suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.<br><br>Past Quarter:<br><br>- In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend. <br><br>4.4 Other Bullish Signals<br>MCap/Total Assets:<br>- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.9. Compared with the rest of the market the stock is undervalued.<br><br>SECTION 5 ONGOING BULLISH PARAMETERS<br>5.1 Past three-years<br>- The shares extended their rose from 28.44c (6.5%) 2 years ago to 34.84c (7.5%) a year ago.<br><br>5.2 Rank in the top 16% by Size in the Australian market<br><table><tr><td>Description</td><td>Value</td><td>Rank</td></tr><tr><td>MCap</td><td>$766 million</td><td>In Top 16%</td></tr></table><br>5.3 Past quarter momentum up: Diversified United Investment jumps 9.7% on average volume 1.0 times average.<br><table><tr><td>Past month to </td><td>High</td><td>Low</td><td>VWAP</td><td>Volume Index *</td></tr><tr><td>15 Jul 2025</td><td>5.46</td><td>5.28</td><td>5.37</td><td>1.0</td></tr><tr><td>13 Jun 2025</td><td>5.52</td><td>5.20</td><td>5.35</td><td>0.7</td></tr><tr><td>15 May 2025</td><td>5.33</td><td>4.90</td><td>5.20</td><td>1.2</td></tr></table><br>[*Volume Index of 1.0 means volume for the month was 1.0 times its 12-month average]<br>[VWAP is defined as the Volume Weighted Average Price; High Low prices and VWAP are shown in AUD]<br><br>5.4 Rank in the top 13% by Performance in the Australian market<br><table><tr><td>Description</td><td>Value</td><td>Rank</td></tr><tr><td>Net Profit Margin %</td><td>77.5</td><td>In Top 11%</td></tr><tr><td>EBITDA Margin %</td><td>85.4</td><td>In Top 13%</td></tr></table><br>5.5 Present Value of AUD1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVAUD1000 > 1,096<br><table><tr><td>PVAUD1,000</td><td>3 mo ago</td><td>1 yr ago</td><td>3 yrs ago</td></tr><tr><td>DUI.ASX</td><td>$A1,097</td><td>$A1,121</td><td>$A1,374</td></tr><tr><td>Diversified Financials sector</td><td>$A1,207</td><td>$A1,146</td><td>$A1,327</td></tr><tr><td>All Ordinaries Index</td><td>$A1,117</td><td>$A1,074</td><td>$A1,306</td></tr></table><br>5.6 Past year: price rise of 8.7%<br>1-Year price change of 8.7% for Diversified United Investment outperformed the change of 8.2% in the All Ordinaries Index for a relative price change of 0.5%. <br><table><tr><td>Price Change %</td><td>Year</td></tr><tr><td>Diversified United Investment</td><td>8.7</td></tr><tr><td>Diversified Financials sector</td><td>15.1</td></tr><tr><td>All Ordinaries Index</td><td>8.2</td></tr></table><br>5.7 MCap: 5-Year Increase of $A278 M (31%)<br>In the past 5 years Market Capitalization has increased by $A277.8 million (31%) from $A892.1 million to $A1.2 billion. Based on a dynamic start date of 5 years ago, there has been only 1 decline in MCap over the last 5 years. <br><table><tr><td></td><td> Price</td><td>MCap (AUD M)</td><td>MCap ($ M)</td></tr><tr><td>Last</td><td>$A5.43</td><td>1,169.9</td><td>766.2</td></tr><tr><td>1 Year ago</td><td>$A5.0</td><td>1,111.7</td><td>753.5</td></tr><tr><td>2 Years ago</td><td>$A4.65</td><td>1,074.9</td><td>738.6</td></tr><tr><td>3 Years ago</td><td>$A4.36</td><td>1,025.9</td><td>696</td></tr><tr><td>4 Years ago</td><td>$A4.44</td><td>1,070.8</td><td>800.1</td></tr><tr><td>5 Years ago</td><td>$A3.59</td><td>892.1</td><td>619.6</td></tr></table><br>5.8 Created Market Value [CMV] past 5 yrs of $A110.9 million<br>- Market Capitalization has increased by $A267.2 million from $A902.7 million to $A1.2 billion in the last 5 years. This increase comprises cumulative retained earnings (RETE) of $A156.3 million and Created Market Value of $A110.9 million. The Created Market Value multiple, defined by the change in MCap for every AUD1 of retained earnings is $A1.71.<br><br>5.9 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 11%<br><table><tr><td>TSR %</td><td>1 yr</td><td>3 yrs</td><td>5 yrs</td></tr><tr><td>DUI.ASX</td><td>12.1</td><td>11.1</td><td>12.4</td></tr></table><br>5.10 Increased VWAP, up 28% in 5 years<br>In the past five years Volume Weighted Average Price (VWAP) has increased by 28.1% to $A5.19. Based on a dynamic start date of five years ago, there has been no decline in VWAP over the last 5 years. <br>Past five years, 12 months ended Jul 15 (AUD)<br><table><tr><td>Year</td><td>High Price</td><td>VWAP</td><td>Low Price</td></tr><tr><td>2025</td><td>5.52</td><td>5.19</td><td>4.88</td></tr><tr><td>2024</td><td>5.24</td><td>4.75</td><td>4.39</td></tr><tr><td>2023</td><td>4.81</td><td>4.53</td><td>4.16</td></tr><tr><td>2022</td><td>4.83</td><td>4.52</td><td>4.08</td></tr><tr><td>2021</td><td>4.59</td><td>4.05</td><td>3.53</td></tr></table><br>5.11 Increased share turnover, up 18% in 5 years<br>In the past five years, average daily share turnover has increased 17.5% to $A271,514. This suggests increased liquidity. <br>Past five years, 12 months ended Jul 15 (AUD thousand)<br><table><tr><td>Year</td><td>Average Daily Turnover</td></tr><tr><td>2025</td><td>271.5</td></tr><tr><td>2024</td><td>297.5</td></tr><tr><td>2023</td><td>250.5</td></tr><tr><td>2022</td><td>285.8</td></tr><tr><td>2021</td><td>231.1</td></tr></table><br>5.12 Satisfies three criteria of Benjamin Graham<br>- "A dividend yield of at least two-thirds the triple-A bond yield"; the stock's dividend yield is 0.7 times the triple-A bond yield of 4.4%.<br><br>-""Current ratio of two or more""; current assets are 9.0 times current liabilities.<br><br>SECTION 6 TODAY'S BEARISH SIGNALS<br>Price/Sales of 25.1 > Diversified Financials sector (of 160 stocks) avg of 2.4:<br>- The price-to-sales ratio of 25.1 indicates overvaluation compared with sector average of 2.4 and market average of 2.1.<br><br>6.1 Rank in the bottom 20% by Relative Valuation in the Australian market<br><table><tr><td>Description</td><td>Value</td><td>Rank</td></tr><tr><td>Price/Earnings</td><td>31.9</td><td>In Bottom 20%</td></tr></table><br>6.2 Other Bearish Signals<br>- Return on Equity of 3.5% versus sector average of 7.4%. <br>- Total Liabilities/EBITDA of 7.6 is more than 5, this compares unfavourably with the Joseph Piotroski benchmark of 5. <br>- Return on Capital Employed of 3% versus sector average of 5.1%. <br>- As per the Du Pont analysis, Return on Equity is less than stellar at 3.5%. This is computed as net profit margin of 77.5% times asset turnover [sales/assets] of 0.03 times leverage factor [total assets/shareholders' equity] of 1.3.Also, this has deteriorated from 4.4% last year.<br><table><tr><td></td><td>ROE (%)</td><td>Profit Margin (%)</td><td>Asset Turnover</td><td>Leverage factor</td></tr><tr><td>Current Year</td><td>3.5</td><td>77.5</td><td>0.03</td><td>1.3</td></tr><tr><td>Previous Year</td><td>4.4</td><td>83.8</td><td>0.04</td><td>1.3</td></tr></table><br>6.3 Overbought/Bearish/Resistance Signals:<br><br>- At $A5.43 the price has risen above the upper Bollinger band resistance of $A5.42, indicating a downside risk for it to fall back within the band.<br><br>SECTION 7 ONGOING BEARISH PARAMETERS<br>7.1 Rank in the bottom 17% by Productivity in the Australian market<br><table><tr><td>Description</td><td>Value</td><td>Rank</td></tr><tr><td>Return on Equity [ROE] %</td><td>3.5</td><td>In Bottom 17%</td></tr><tr><td>Return on Capital Employed [ROCE] %</td><td>3</td><td>In Bottom 16%</td></tr></table><br>7.2 Total Shares on Issue: 5-Year Increase<br>In the past 5 years total shares on issue have increased by 6.8 million (3.2%) from 210.5 million to 217.3 million. Based on a dynamic start date of 5 years ago, there has been no decline in issued capital over the last 5 years. An increase in total shares on issue is an unfavourable indicator in Joseph Piotroski's 9 indicators. <br><br><table><tr><td>Year End (Jun 30)</td><td>Total Shares on Issue</td></tr><tr><td>2024</td><td>217,286,000</td></tr><tr><td>2023</td><td>216,156,000</td></tr><tr><td>2022</td><td>213,350,000</td></tr><tr><td>2021</td><td>212,458,875</td></tr><tr><td>2020</td><td>211,502,436</td></tr><tr><td>2019</td><td>210,464,960</td></tr></table><br>7.3 EPS growth [FY2024 vs FY2023] of -15.0%:<br><table><tr><td>FY</td><td>EPS (c)</td><td>Growth %</td></tr><tr><td>2024</td><td>17.0</td><td>-15.0</td></tr><tr><td>2023</td><td>20.0</td><td>-9.1</td></tr></table><br>7.4 Declining Volume, down 6% in 5 years<br>In the past five years, Average Daily Volume of Trading (ADVT) has decreased 5.8% to 53,070 shares. <br>Avg. Daily Volume Traded 12 months ended Jul 15, thousand shares<br><table><tr><td>Year</td><td>ADVT</td></tr><tr><td>2025</td><td>53.1</td></tr><tr><td>2024</td><td>61.9</td></tr><tr><td>2023</td><td>55.1</td></tr><tr><td>2022</td><td>62.5</td></tr><tr><td>2021</td><td>56.4</td></tr></table><br>7.5 Revenue, EPS, and EBITDA:<br>- Profit growth and EBITDA growth have shown signs of deterioration in recent years. [compared with previous year, all figures in %]<br><table><tr><td>FY</td><td>Revenue Growth</td><td>EPS Growth</td><td>EBITDA Growth</td></tr><tr><td>2024</td><td>-9</td><td>-15</td><td>-13</td></tr><tr><td>2023</td><td>-11</td><td>-9</td><td>1</td></tr><tr><td>2022</td><td>54</td><td>51</td><td>29</td></tr></table><br>7.6 Satisfies 3 out of 9 criteria of Joseph Piotroski [pass mark 5]:<br>- Positive net income.<br>- Positive operating cashflow.<br>- Good quality of earnings [operating cashflow exceeds net income].<br><br>But does not meet the following 6 criteria of Joseph Piotroski:<br>- Return on Assets improvement.<br>- Improvement in long-term debt to total assets.<br>- Improvement in current ratio.<br>- Total shares on issue unchanged (or reduction in total shares on issue).<br>- Improvement in gross margin.<br>- Improvement in asset turnover.<br><br>APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER<br><br>DUI: EXPORT DATA TO EXCEL:<br><br><a target=_blank href="http://www.buysellsignals.com/bst/00199102100150725704">+ PRICE VOLUME - 5-YEAR HISTORY</a><br><a target=_blank href="http://www.buysellsignals.com/bst/00299102100150725704">+ FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2024]:</a><br><a target=_blank href="http://www.buysellsignals.com/bst/00499102100150725704">+ PEER COMPARISON</a><br><br>DUI: OTHER INFORMATION:<br><br><a target=_blank href="http://www.buysellsignals.com/bst/00899102100150725704">+ PRICE VOLUME CHARTS</a><br><a target=_blank href="http://www.buysellsignals.com/bst/00999227100150725125">+ USD vs AUD EXCHANGE RATE CHARTS IN HTML</a><br><a target=_blank href="http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/Daily/Html/DUI_Board_Of_Directors.html">+ BOARD OF DIRECTORS</a><br><br>APPENDIX II STOCK IDENTIFIERS<br>ISIN: AU000000DUI8<br>PermID: 4295856689<br>CUSIP: Q3212S108<br>RIC: DUI.AX<br><br><br>Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.<br><br>Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.<br><br>Created by www.buysellsignals.com<br><br>