quarterly report should be very good today

DBS should issue their quarterly report today. I predict it will be very buoyant indeed.

Worth considering that a proposed resolution for the AGM in a few weeks is a further buyback of 8.5m shares. They have been buying back in the past 12 months at market prices....recently at up to 54c.

A quick bit of maths would suggest they could spend then $4.675m, based on current market price. Looking at it slightly differently, that, if paid as dividends, would equate to 5.5c per share.

My point is that, on a prospetive 5% dividend yield, this stock would be running at $1.10...exactly twice its current market cap.

Perhaps one of the most misunderstood stocks on the ASX...fantastic leverage to the growth in the Internet, owning, among other things, the largest dot.com domain portfolio in the world.....and based in little 'ol Brisbane.

The downside would seem to be minimal on this stock, due to the buyback, and the upside could be very high. If listed in the US, this stock would trade at crazy multiples.

Worth having a look at, imho. I have held for some time, and I think it will see $1 quite soon.