It would be one thing if Thorney only just now took an interest in Decmil as a quick play, but Thorney have been buying in for years. Their average price would be much higher than the current share price. It's not very convincing when a fund manager says they believe in a business that they've been believing in for years while it crashes to historic lows.
Interesting that the DCG market cap is now about the same as crane company Boom (BOL), as I notice that one of the DCG directors lists a prior Boom directorship on his CV.
It makes me wonder if a merger with another business is on the list of possibilities? Probably nothing is off limits in such a crisis.
It would be one thing if Thorney only just now took an interest...
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Last
29.3¢ |
Change
0.003(0.86%) |
Mkt cap ! $45.50M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 29.3¢ | $237.3K | 804.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2824277 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 1378226 | 7 |
View Market Depth
| Last trade - 14.28pm 26/06/2024 (20 minute delay) ? |
| DCG (ASX) Chart |