DCC 5.66% 5.0¢ digitalx limited

The value of the Liquidity Desk alone, page-15

  1. 876 Posts.
    lightbulb Created with Sketch. 252
    I'm definetly no accountant, but here goes.
    From the last 4 quarters (US$'000)

    $39,757 Revenue (Assume this is all from liquidty desk and sale of mined coins)
    ($35,132) Purchase of coins for Liquidity desk (subtract all)
    ($2,218) Cost of mined coins (subtract all)

    This leaves us $2,407,000 , but now the hard part is to determine which parts of the overheads and staff costs belong to the liquidity desk.

    ($1,393) Staff costs, I assume at least half of this is Airpocket developers etc (subtract half $697)
    ($108) Advertising, be conservative and assume all was for liquidity desk (subtract all)
    ($684) Admin costs, be conservate and assume most was for liquidity desk (subtract $600)
    ($736) Fee's, be conservate and assume most was for liquidity desk (subtract $700)

    Assumeing all other smaller items are one off's or not related to the Liquidity Desk.

    This leaves us with US$302,000 Profit from the Liquidity Desk as a sole entity (Assuming the mining component is just break even).

    Now its stated the revenues have been growing every quarter and increaed 185% from the last quarter. To me this seems to have a lot of potential in its own right. What would the market cap be if they were to drop Airpocket right now and focus on the liquidity desk alone?
 
watchlist Created with Sketch. Add DCC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.