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...
Add DRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.79 |
Change
0.010(0.21%) |
Mkt cap ! $2.532B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.81 | $4.71 | $4.521M | 945.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22584 | $4.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.80 | 14020 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.80 |
Change
0.010 ( 0.25 %) |
||||
| Open | High | Low | Volume | ||
| $4.75 | $4.81 | $4.72 | 367782 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| DRR (ASX) Chart |