DNA 0.00% 2.9¢ donaco international limited

Just looking at the numbers.Equity is roughly $244mn, translate...

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    Just looking at the numbers.

    Equity is roughly $244mn, translate to 19.7 cents per share equity. Net tangible asset per share at 13.5 cents

    Current cash holding at $28mn, borrowing payable at $21mn (although not due till Dec 20 and June 21)

    I can’t see any gaming stock on the ASX with this kind of numbers, matters of facts can’t find any ASX stock trading at 1/4 of NTA. Where current cash holding is more than borrowing.

    i understand covid affect people’s cognitive function. But selling something for 1/4 of true value ?? When borrowing is only 1/8 of tangible assets ?? Just crazy stuff.

    wish i have more cash, so i can do a Somboon and load up more at these low bargain price.
 
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