The "asset light" model of DRR has drawn my attention for a while, but the prices were always too high. When I saw the SP drop, I thought it was an opportunity to get into the business... But upon a quick review of this transaction, I don't see why they are doing this... They are paying 144M pounds for something that generates revenue of 7.5M pounds (P/Revenue - circa 19), and NPAT 1.9M Pounds revenue (P/E - circa 79).... And all of this exclusive of the events detailed by @Fredbear2.
What management is doing here??
Unless there is another angle here (geopolitical, etc) that I can't see (noting that I don't know too much other spheres of the the business), the numbers don't stack up IMHO - it appears they are burning shareholder money!
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Last
$3.70 |
Change
0.115(3.21%) |
Mkt cap ! $1.937B |
Open | High | Low | Value | Volume |
$3.61 | $3.70 | $3.61 | $2.391M | 652.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 28786 | $3.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.70 | 21447 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 27116 | 3.690 |
24 | 45509 | 3.680 |
16 | 31556 | 3.670 |
15 | 65790 | 3.660 |
15 | 162332 | 3.650 |
Price($) | Vol. | No. |
---|---|---|
3.700 | 37359 | 23 |
3.710 | 42150 | 12 |
3.720 | 38277 | 11 |
3.730 | 155303 | 12 |
3.740 | 12144 | 8 |
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