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5.41%

3.5¢ digitalx limited

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rayray1357

39 Posts.

4

20/02/21

21:17

Post #: 51185642
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Originally posted by bobasteve ↑

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.

Expand

FYI.... They have 431 BTC so you'll need to recalculate. Half of it is seeded for their fund.

DCC Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.5¢		Change -0.002(5.41%)		Mkt cap ! $30.32M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.4¢	$113.5K	3.216M

Buyers (Bids)

No.	Vol.	Price($)
2	153045	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	84039	1

View Market Depth

No.	Vol.	Price($)
1	10188	0.035
3	471577	0.034
10	179494	0.033
8	492406	0.032
4	75000	0.031

Price($)	Vol.	No.
0.038	40000	1
0.039	306435	2
0.041	372448	4
0.042	238119	1
0.043	203571	2

Last trade - 16.10pm 04/10/2024 (20 minute delay)

DCC (ASX) Chart