So they sell a property for $4.1m. They could use this to pay down debt (an overdraft at 7.22% or term at 7.5%), invest in existing properties, buy new properties, invest in PPE, invest in staff or even pay a dividend. But the single best use of capital the board decided upon is...to invest in yet another Duxton entity!?
An amount of $2,500,000 (at item 6.2) relates to the Company’s investment in
Duxton Dried Fruits Pty Ltd referred to above
Last time it was Duxton Bees, now dried fruits. Another 'trust me mate, it's a great deal' type of investment?
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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Last
$1.36 |
Change
-0.075(5.23%) |
Mkt cap ! $56.48M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.44 | $1.36 | $71.68K | 51.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 637 | 1 |
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| Last trade - 15.41pm 01/11/2024 (20 minute delay) ? |
| DBF (ASX) Chart |