The annual growth rate of DSE's cash receipts hasn't fallen below 30% for the past 3 years and has exceeded 60% in each of the past 8 quarters (the average rate as been around 75%)
I challenge anyone to find a company growing its top cash flow line at a faster rate than that.
Sure, two years ago the valuation of the company had gotten way ahead of the financials - it probably still is a bit today - but when that sort of growth is happening, before too long the growth catches up with ten valuation and overtakes it.
I think we are close to that inflexion point, which has been the motivation for me buying DSE shares in recent months.
Today's very good quarterly update is a further milestone in support of that investment view.
.
Add to My Watchlist
What is My Watchlist?