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clock Created with Sketch. 30/09/24
16:53
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Originally posted by Macrosoft:
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Yup. Got my allocation at $29.75 per share. Again...under 30 bucks and it's a good thing, right? Will wait for next trading update and or results/AGM - certainly wouldn't be chasing DMP at these levels. Might get one more opportunity to load up again? Just like Collins food. You could buy that stock late last month for $7.50 - an absolute bargain. Hard to believe that deep fried chicken has outpaced a life saving biotech (CSL) over a 10 year period. Unfortunately, the same can't be said for DMP. But like I've continuously pointed out, under 30 bucks for DMP and its a steal. If DMP get anywhere near their projected EPS estimate for FY26, it means that by buying a truckload whilst DMP was trading at under $29 on 5th August - the forward PE on that purchase is 12x.
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I think CKF is no good, people are moving away from DEEP FRIED food because it's too unhealthy, DMP is better for health if you had to chose.
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