The "asset light" model of DRR has drawn my attention for a while, but the prices were always too high. When I saw the SP drop, I thought it was an opportunity to get into the business... But upon a quick review of this transaction, I don't see why they are doing this... They are paying 144M pounds for something that generates revenue of 7.5M pounds (P/Revenue - circa 19), and NPAT 1.9M Pounds revenue (P/E - circa 79).... And all of this exclusive of the events detailed by @Fredbear2.
What management is doing here??
Unless there is another angle here (geopolitical, etc) that I can't see (noting that I don't know too much other spheres of the the business), the numbers don't stack up IMHO - it appears they are burning shareholder money!
Ann: Recommended Cash Offer to Acquire Trident Royalties Plc, page-59
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.05 |
Change
0.090(2.27%) |
Mkt cap ! $2.141B | |||
| Open | High | Low | Value | Volume |
| $4.06 | $4.06 | $3.96 | $8.741M | 2.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 57134 | $4.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 5870 | 4 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |