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The company said there would be a $550,000 increase in costs for each of the two data centres it plans to build.

Data Exchange shares crash 44% on market update

Data Exchange Network's share price has plunged, after it announced cost blowouts for the construction of two data centres and the resignation of its founder as chief executive.

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DXN (DXN)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 31/07/19

1 year TSR5 year TSR
thPearl Global-70%
327thNorwood Systems0%15%
487thCFOAM-23%
800thDXN-75%
801stQuantify Technology Holdings-75%-75%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/07/19
$0 Issued
15/05/19
$40k Issued
15/05/19
$100k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

115th-DXN$2.0m
127th↑Quantify Technology Holdings$1.4m
128th↑CFOAM$1.4m
130th↑Pearl Global$1.3m
131st↑Norwood Systems$1.3m
198 listed industrial companies ranked by revenue.
Source: Morningstar

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