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Ann: Q3 2022 Market Update, page-15

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cspro

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01/11/22

18:30

Post #: 64529836
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Originally posted by Swage_17: ↑

Far too much benefit of doubt being given to the management on this forum. Q2 result was bad, Q3 is plain terrible. PBT ratio of 3.1% for Q3 while the previous years it has generally sat at high 3%. I thought Q2 was a blip but with Q3 being this bad a pattern is emerging. Annualized, the Q3 NPAT is sitting around $67m (EPS 0.375c) so the bottom line is doing worse than the previous year on a run rate basis.

I no longer hold any DDR after I took my rose colored glasses off! Still a great company but I would like to see better commentary from management and a turn around in NPAT before dipping my toes back in. On current runrate basis the stock is trading at a PE of 28 even after today's SP fall. With no growth on the horizon the PE should be no more than 20 imo so I see no value in the stock above $8 per share and that's assuming they can return to positive growth.

The quote from David about how this quarter '...almost feels like a a gain' is one of the most unprofessional and lazy bit of commentary I have ever read from a CEO.

Ofcourse, the PBT ratio might improve drastically but I no longer consider it wise to invest on that basis as there is no solid commentary that confirms this to be the case.

Expand

I find it difficult to classify a profitable result as 'plain terrible'. I've no doubt there are plenty of other companies in a worse position.

P.S. I also suggest you update your Position to Not Held.

Cheers.

DDR Price at posting: $10.44 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $8.63		Change 0.000(0.00%)		Mkt cap ! $1.557B

Open	High	Low	Value	Volume
$8.60	$8.64	$8.50	$1.277M	148.9K

Buyers (Bids)

No.	Vol.	Price($)
2	10	$8.61

Sellers (Offers)

Price($)	Vol.	No.
$8.63	1315	2

View Market Depth

No.	Vol.	Price($)
2	1500	8.600
1	63	8.550
1	117	8.540
3	3370	8.530
1	1175	8.510

Price($)	Vol.	No.
8.650	9146	2
8.700	2356	2
8.780	866	1
8.900	824	2
9.000	594	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

DDR (ASX) Chart

Ann: Q3 2022 Market Update, page-15

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