I feel and share your disillusionment.
All I can say is that I strongly believe these royalty stream entities do globally, and in Australia will eventually, have an established place and following in the market.
MAC is the poster boy/girl of the royalty model, and in turn as the core holding of DRR makes DRR an extremely valued entity in the sector.
Unfortunately, it is (currently) a loner in the Australian market, MAC makes any other new prospect at best a distant distant (did I say) distant second, and the (current) Board being led by Management set on an expansion model will always combine to add risks associated with ‘Growth stock models’ to what (as a royalty business model) should be an ‘Income stock model.’
As such I think the crossed purposes of Income model v Growth aspirations will continue to hang over DRR while this continues. How much of a problem these crossed purposes will hang over DRR, only time will tell. But hopefully it doesn’t reduce actual income distributions distributed to shareholders more than at present.
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Last
$3.96 |
Change
0.080(2.06%) |
Mkt cap ! $2.093B |
Open | High | Low | Value | Volume |
$3.93 | $3.98 | $3.92 | $3.276M | 828.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 14941 | $3.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.96 | 18009 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11397 | 3.940 |
1 | 1376 | 3.930 |
3 | 12076 | 3.920 |
1 | 1376 | 3.910 |
2 | 1573 | 3.900 |
Price($) | Vol. | No. |
---|---|---|
3.980 | 1376 | 1 |
3.990 | 1376 | 1 |
4.000 | 5147 | 2 |
4.010 | 1376 | 1 |
4.020 | 1376 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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