DNA 0.00% 2.9¢ donaco international limited

Ann: Entitlement Issue Prospectus, page-68

  1. 8,544 Posts.
    lightbulb Created with Sketch. 904
    Bought in at more than 20 fold current prices a few years back - started going south so sold for a loss. Wind the clock forward and started buying at 11ish and under - surely can't go much more under - it is a casino after all - they usually make money. Yet here we are, share price at under the current CR proposal of a miserable 3.5c. Sitting on another to date paper loss.

    I know other holders are even worse off but if Somboon offered 10c/share or at best NTA value - gladly give mine to him - would break even - or possibly walk away with a small profit.

    Lots of things have gone wrong from many reasons - the majority is self inflicted - but one crucial reason for Donaco's plight is that it has lost all credibility in the market place.

    Covid may not be the main reason but it may be the last reason. With more delay to opening venues and/or shutting down again, any meaningful economic recovery in Donaco's sector is at best shaky.

    Still have a lot (to me at least) riding on this so I hope sincerely that it can recover in time - but it is very exposed and very sick.

    Let's see whether in hindsight down the track market perception towards Donaco will change. Stuck between a rock and a hard place. Not holding my breath waiting for 15c+. Sorry, but just being realistic - being a - don't mean to downramp.
 
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