This still holds imo.
Subject re: 100k bought at near close
Posted 03/11/04 04:36 - 24 reads
Posted by cosmos
Post #406761 - in reply to msg. #406648 - splitview
Destra announced a profit of $128k in their last quarterly, i.e. $500k p.a. Add to this Techex's $700k for 2004, gives a conservative $1.2m p.a. underlying profit.
Using a p.e. of 20 (conservative for the growth sectors that DES is involved in) gives a market cap of $24m.
According to their latest appendix 3B there are 82m shares on issue (all quoted). This gives a share price of just under 30c. Smart buying at 13c imo.
If there are synergies in the Techex aquisition and the non Techex profit continues to grow, something like a $2m profit for 2005 is possible.
Obviously the market needs confirmation and a track record, and to recognise a micro cap like DES. However, when it does this could easily be a three bagger over the next 6 months or so.
cosmos
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $7.309M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 11.0¢ | $6.452K | 56.95K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 66597 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 8044 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66597 | 0.110 |
1 | 31547 | 0.105 |
1 | 100000 | 0.100 |
1 | 50000 | 0.095 |
1 | 10000 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 8044 | 1 |
0.140 | 58438 | 1 |
0.145 | 44751 | 1 |
0.150 | 175206 | 3 |
0.155 | 39235 | 2 |
Last trade - 12.48pm 15/08/2024 (20 minute delay) ? |
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