head cheerleader rdncoic posted this on another thread towards...

head cheerleader rdncoic posted this on another thread towards the end of last year...tell me if it aged well?...
rdncoic rdncoic where art though, rdncoic?

'totally undervalued penny stock with a Market Cap of $6.051M sitting here on the asx in plain sight. Do the math.

Total segment revenue of $16,652M for the last year ending 30 June 2020.

A simple rule of thumb is a company is worth 2 times revenue if it were to be sold on the open market. (A private sale is often worth much more). Adultshop was approched often in the past with offers for its two business slices. The m.day at last was made an offer he could not refuse so he sold the Adultshop part and retained the distribution part which is now call DELECTA LIMITED DLC. Calvista and the rest of the parts still have their inherent value on the market and could be sold at any time The Company receives an offer it cannot refuse.

That gives DLC a value of over 33 Million AussieLand Dollars and it means it is give or take a few thousand Dollars, over 5.5 times undervalued. I have seen punters hunting for a 5 bagger here on the asx for years and years and here is one sitting in plain sight.'

------------------------------------------------------------------------------------- 5 bagger in plain sight or 1/5th bagger behind all the smoke and mirrors?