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More like bad investments = one buys bad companies (not much to...

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Benjamins

1,285 Posts.

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23/07/21

11:50

Post #: 54718138
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Originally posted by GazM: ↑

Here Holdtight: 8 July 2020 DTC Presentation on ASX site has Vault info.

I did look briefly at Safety Culture some time back. Can't interpret valuation though without profitabilty data so can't compare.

DTC Net Cash after Government grants in the 4Q update = $2.768m-1.373m = $1.4m.
Capex on software development this year was $5.1m & last year $2.5m so it looks like running $3-4m on average ongoing which will end up being amortised & thus deducting from the $1.4m shows a decent loss & that's neglecting PPE Capex depreciation.
Company had also significant share based payment in FY20 & HY21 which don't show in cash flow reports.
Again, this shows company will still be quite loss making (both cash & statutory) for FY21. And for that, it is currently valued at 97c x 187m = $181m.

I think profit will come eventually but as to when???
All of my bad investments were because I paid too high a price.
All of my good ones were because I didn't.

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More like bad investments = one buys bad companies (not much to do with value). One could argue Microsoft, Amazon, Google, Apple were expensive 10 years ago.....but if you have a long term view buy good companies you will do well as long as they deliver. Look at REA in Aus.....always been ridiculously expensive

DTC Price at posting: $1.13 Sentiment: None Disclosure: Not Held
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