Ann: Q1 FY23 Market Update, page-60

Slightly belated reply Burger due to continuing court case over a death in my family and was unable to play with phones or look at the market during proceedings.

I agree with you and I suspect that both wholesalers and retailers would agree too. Most electronics these days have a relatively short finite life and it is both by manufacturer design and the public demand for faster, more advanced, often smaller and more mobile devices. All of these mods are revenue for the wholesalers and retailers. I do not rule out the increasing recurring high margin revenue which DDR are building up.

I will not claim to be smart with my purchase at 46c but it was based on a few things which made me take notice in those early times and they have all been well quoted on here before - CEO at the time was not drawing a salary, no borrowings, profits, dividends of around 8-10% and double digit revenue increases - all for an SP of 46c. I think that it was just under everybody's radar and my assessment is that if those metrics had appeared on your radar you would have taken a slice. Now here I am saying it is not an unreasonable bet at today's price.