Ann: Dacian Successfully Completes Retail Entitlement Offer, page-370

My pleasure.

It is one of the unloved and discarded goldies that had burnt lots of shareholders. However I see value in this one just I saw value in the "Golden Horse" 2-3 years back. At today's GP and exchange rate and based on a very very conservative 4 years LOM (starting from 2021FY) and purely based on cashflow, its value should be 62c (assuming that asset is $0). And a new MD, who had turn around two companies before and perhaps he may settle down on this one and really turn it around to become his retirement vessel.

I had to assume that market has got it wrong and therefore its SP will have to re-adjust. Who knows this may turn out to be another "Golden Horse". However I am happy to settle for a Golden Zebra because it can't beat the "Golden Horse"!

As of today, its SP is looking very good.

All IMO.