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1.4¢ tombador iron limited

Hi finch2 You are spot on. I got a very quick and thorough reply...

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milesy

4,763 Posts.

332

06/05/15

21:36

Post #: 15230928
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Originally posted by finch2 ↑

There is probably a little bit of tax selling going on.Once DVI raises the next 25% for ibuynew.com which will be completed by 30/6/15 it will be a different ball game.The results for both BYOjet and ibuynew.com will be included in DVI results under the equity method.My holding is a long term holding and down the track DVI will be worth a lot more than its current market cap given the value in BYOJet and ibuynew.com.For example Webjet was valued at many times the present price that DVI is capped at even at the 55% holding.Both BYOjet and ibuynew.com trade profitably.As long as the company continues to perform financially well things will take care of itself. Also it will only take one fund manager to get on board and it will be game on.

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Hi finch2

You are spot on. I got a very quick and thorough reply from the company regarding my issues/concerns. And they are working closely with PPS to enable the equity accounting method to reflect our share of the profits.

I always feel better when a company is happy to respond quickly and, like yourself, have DVI as a long term hold at this stage.

Milesy

IBN Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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