Ann: FY21 Full Year Results Presentation, page-12

First 12 Last

Share
Profile

Follow
ozboypete

696 Posts.

42

23/08/21

10:12

Post #: 55490082
Share

Originally posted by Beserkwarrior: ↑

Waldo,
Am a holder but not participating in the CR. I've sent an email to Dickie as to 'why'. They keep talking the business up & the numbers only keep disappointing. Write downs on disputed contracts shareholders where shareholders were led to believe would in all likelihood be settled in favour of Decmil have with some consistency been written down further or those that were written down subject to negotiation/mediation have disappeared often without any or scant explanation. Have to disagree with at least one of your points.....'it’s better to buy on market around 35 cents than to take the 40 cent deal with options IMO'. That's incorrect from a mathematical point of view if you have conviction that the share price will be 70-80c in a years time. Those options provide immense leverage if you think that's where the share price will be. The numbers are clear on that.I agree this is cheap on forward projections. The problem is historically they have not been able to deliver sufficient contracts to the satisfaction of clients & at the same time profitably for shareholders. It's been a capital sink. I need more than 'talk' now. If they deliver what they say they will, fine but until they do it's only 'spin' for me in the interim.

Expand

Hi Beserkwarrior

I just did that, bought a small parcel at 35 cents, I'll like to see the SP at 40 cents or above at he the next reporting cycle. 50 cents is not out the the question, however I'd like to see 2022 revenue at a firm $550 million or above this an ideally Government projects reducing to 50 percent of the revenue IMO.

DCG Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

WML

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

QGL

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

LML

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

TNC

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

There are more pages in this discussion • 12 more messages in this thread...

First 12 Last

Add DCG (ASX) to my watchlist

Ann: FY21 Full Year Results Presentation, page-12

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

Featured News