In my opinion with that deal announced yesterday, Dte now has the capacity to run over $1 within the next twelve months if all go well . However as it is I think it's now worth at least 35 cents. I now change my mind about NCH and think they knew about this deal. Having said that as we all knew that Dte was nearly stuffed up at one stage and their management's credibilities were always in questions. How many times? had they cancel the oversea plans of listing in the past two years, not to mention the farm in deals and interested parties we were told! The so called institutions that took up the last right issues and the fees to underwrite them are the real winners. The long term shareholders are still licking their wounds! The other thing too was that the ASX never question the shorters who have destroyed Dte and other companies. I still cannot believe why they paid some brokers to underwrite the right issues when they knew that it would be well taken up!
DTE Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
