Very good point about the lack of lease payments. It's a gun to the head of the business. Anyone buying shares has to ask themselves: do you feel lucky?
"There were no payments made for the leases in Cambodia and Vietnam during the year ended 30 June 2022 (30 June 2021: nil). Payments for the lease in Vietnam are not due until May 2025. For the lease in Cambodia, the outstanding payable balance as at 30 June 2022 was $786,864 (30 June 2021: $399,030), recognised in trade and other payables. Under the lease agreement, the landlord Lee Hoe Property Co., Ltd has the right to terminate the lease without penalty, after giving a one-month written notice to DSV. DSV has received a confirmation letter from Lee Hoe Property Co., Ltd, in which the landlord confirms that they will not exercise this right to terminate for the foreseeable future, covering a minimum period of 12 months from the date of issue of the financial statements for the year ended 30 June 2022."
DNA Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
