I agree with what I think is your concensus above and outlined below:
- DRR is a big enough entity to continue as is (that is it doesn't have to get bigger/acquire other streams);
- Any new purchase couldn't match current returns & therefore would be dilutive;
- So to keep pressing a goal to seek and make other purchases is significantly damaging the current stock;
- Therefore come out and confirm it as an innuity stream (albiet with resource/asset diminishing at a very slow rate);
- But as low maintenance and therefore requiring management akin to a TRUST or even non-active EFT/LIC;
- DRR are therefore reducing staffing & operations to a post box, administrative, & (Trust & ASX) compliance functions.
Problem is current management & board don't want to kill their Golden Goose & any Golden Handshake probably wouldn't be attractive enough.
Also ILU have vested interest &/or 'Face' in this, so probably little interest or compelling reason to act.
I agree with what I think is your concensus above and outlined...
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Last
$4.15 |
Change
-0.310(6.95%) |
Mkt cap ! $2.193B | |||
| Open | High | Low | Value | Volume |
| $4.34 | $4.34 | $3.90 | $33.38M | 8.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 62929 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 72474 | 9 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$4.15 |
Change
-0.310 ( 7.30 %) |
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| Open | High | Low | Volume | ||
| $4.42 | $4.42 | $3.93 | 1576104 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| DRR (ASX) Chart |