Seanb – you have just picked up a great stock at a great price! Don’t worry about a few cents either way in the short term, view this as a 6-12 month holding and IMO you’ll do extremely well!
The MPH acquisition was approved by the Supreme Court this morning which means Destra’s 07-08 earnings should be around $10-$12 million with 2-3 (smaller) acquisitions still to come, which could add further upside to 07-08 earnings.
Weakness may be down to the unknown once MPH share holders come on board (are they going to sell), as the offer of 1 Destra share plus 15 cents cash is still a premium to the currant MPH share price as follows = Destra SP 33 cents + 15 cents cash = 48 cents (was 2-3 cents higher on the open) MPH = 44 cents (me may be seeing the SP balancing to the detriment of Destra share holders) – Just my thoughts.
Looking further ahead to 08-09 I’m expecting further acquisitions larger than the MPH deal and earnings in excess of $20M. I’m basing this on my knowledge of the company and their ability to grow Destra by making both strategic and earnings positive acquisitions. Over the last 4-5 years Dom has managed to pull of a deal that doubles Destra’s earnings so my prediction is he’ll already be targeting the next MPH!
Good lock to all Destra Holders
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Last
9.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.974M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 14100 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.4¢ | 58930 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 14100 | 0.085 |
1 | 1000 | 0.064 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.094 | 58930 | 1 |
0.095 | 100000 | 1 |
0.098 | 11711 | 1 |
0.100 | 65001 | 1 |
0.110 | 100000 | 1 |
Last trade - 16.12pm 19/11/2024 (20 minute delay) ? |
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