So we had half yearly report come out after hours, and it looks like some of the market missed it. Sellers who started the day before just kept selling - we saw some cleaning up of trades to $1 yesterday. I have a feeling that once these sellers are complete then we will head back to normal valuation levels.
Its annoying that so many people don't see the value in this company - it is providing stable profits and a healthy dividend while expanding at the same time. Its exactly what you want.
The company will do a roadshow in a month or so and that should bring some interest back to DFM. We also have patersons who will be doing another research report - and given their last valuation was at $2 - they should now change to a buy.
In the meantime, this is a bargain given the latest report.
Goodluck all,
PB
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