Lets get some basic facts straight here guys, I feel the pessimism is through the roof in these threads.
Let's take a step back
As of the last 4C announcement DCC holds $3.5mil in Cash, 340k in liquid ievstments and 532 Btc.
Each bitcoin is worth $56k USD currently * 532
= 29792000USD
Using USD/AUD spot rate of $1.27
The bitcoin position alone is worth $37,855,145.22
In total the company currently has cash+financial investments of $41.7m
Current company market cap is $57m.
So at this very moment the EV of the company is $15.3m. Right now the market is valuing all the services and products that DCC has in it's pipeline and all associated future growth in cash flows and revenue at only $15.3m, seems like a super bargain to me.
I bought in at 9.1c on friday. I've never been a believer in cryptocurrencies but i've always believed in value. If I might as well get some exposure to crypto I'd rather buy something that's deep deep value.
Good luck to all that have sold but the market will always rerate.
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Last
4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 4.0¢ | $65.87K | 1.639M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 363427 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 4931 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 363427 | 0.040 |
8 | 502564 | 0.039 |
10 | 704819 | 0.038 |
8 | 217000 | 0.037 |
4 | 70000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 4931 | 1 |
0.043 | 389719 | 5 |
0.044 | 297709 | 5 |
0.045 | 222200 | 1 |
0.046 | 62000 | 2 |
Last trade - 12.47pm 02/09/2024 (20 minute delay) ? |
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DCC (ASX) Chart |