DGL 3.13% 49.5¢ dgl group limited

Ann: DGL HY24 Results Presentation, page-16

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  1. 5,440 Posts.
    lightbulb Created with Sketch. 545
    look at their balance sheet, they got no money for such thing, the buy back is just smoke and mirror

    they don't have an NTA, most of the asset are worthless like intangibles and equipment, equipment gets cents in a dollar if they are liquidate
    maybe a bit of properties but that are secured against bank loans so banks get the first dip

 
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