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
$3.95 |
Change
0.030(0.77%) |
Mkt cap ! $2.088B |
Open | High | Low | Value | Volume |
$3.91 | $3.97 | $3.90 | $2.193M | 555.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15667 | $3.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.96 | 7326 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15667 | 3.920 |
4 | 25619 | 3.910 |
10 | 25029 | 3.900 |
1 | 1249 | 3.890 |
2 | 1257 | 3.880 |
Price($) | Vol. | No. |
---|---|---|
3.960 | 7326 | 1 |
3.970 | 8575 | 2 |
3.980 | 1249 | 1 |
3.990 | 21257 | 3 |
4.000 | 11979 | 4 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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