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29.8¢ decmil group limited

Ann: FY22 Guidance Update and Management Changes, page-15

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juneauquan

1,982 Posts.

168

08/04/22

16:26

Post #: 60746735
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Originally posted by BerserkWarrior ↑

I agree...and disagree. It's a good company of scale picking up a lot of work but run sequentially by very poor management teams overseen by evidentially equally poor BOD's. That's what makes it a bad business. Seemingly the executive have little risk management ability & quality oversight with counter party risk & an inability to control basic parameters like budgets. This would be a great target for someone like SRG. I'm mulling whether to take a big hit on this or wait. Waiting so far has been expensive. It could get worse again.

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I just looked at gross profit margins over the past ten years and it has been going one way. Down. Just like the valuation of the company. Decmil was valued at$400m in the 2012.

I don't really follow this company and don't know the history but a MASSIVE red flag is falling gross profit margin.

DCG Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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