A lesson in valuations,, page-148

Hello Pensive. Thank you taking the time to reply in details .
After examining DCC's potentials , I would like to conclude.
DCC's Q4/2020 will show higher income results due to the BTC higher prices. This kind of income is classified as stationary earnings .
Professional investors do not take in account this kind of changes. They take in consideration earnings from sales.
In olain English, DCC's BTC fund and VU's subscription are the only source of income.

BTC started to run high at about 15 of December.
How many rich Australians have invested, during that period , to DCC's fund ? Not many...

So , Q4 report probably will not be so good as investors think resulting to a significant drop of the stock price.

Thank you again for your excellent writings . , i do appreciate that.

All the best !