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Ann: DW8 to undertake strategic acquisition of Parton Wine Group, page-52

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Astutebusyguy

900 Posts.

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19/07/21

13:54

Post #: 54603303
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Originally posted by Paul100: ↑

And they will burn another 1,5m cash for the qtr.

This company is currently way overvalued for what they do and where they are in their development and they are now pivoting as their current business model is not working.as hoped

They started out sub contracting all their logistics' with the main game being the market place and to cutout the distributer
But they have purchase a freight business in SA and now a logistics business and partnered with several distributors

And the reasons for purchasing Partons is that it provides them with more control and reliability over deliveries which is just an admission the the sub-contracting model was not meeting their expectation.

As to the market place its' almost 12 months late and they still dont release any numbers on this business which is clearly a red flag

This company is currently just a loss making logistics company. It may turn into something better eventually. They have just purchased a loss making logistics business with twice their revenue for around 5m yet DW8 is worth 150M.

DW8 is not a tech business, using multiplies of revenue to value it is just absurd and using case growth to indicate what a great growth company is also ridiculous.

At some point in time you have to look beyond the smoke and mirrors and look at the financials' which to date have shown no improvement. Revenue is growing but costs are growing faster

And i am sure I will be attacked as a non holder but it should be obvious why i don't hold.

And yes I wish i had bought some early and sold them to the true believers

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what a load of defeatist rubbish, go take a chill pill and zone out mate!

DW8 Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

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