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!
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Last
$4.06 |
Change
0.010(0.25%) |
Mkt cap ! $2.146B |
Open | High | Low | Value | Volume |
$4.05 | $4.08 | $4.03 | $3.876M | 955.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 30388 | $4.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.07 | 7908 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6968 | 4.060 |
4 | 23326 | 4.050 |
7 | 56174 | 4.040 |
11 | 23960 | 4.030 |
5 | 59880 | 4.020 |
Price($) | Vol. | No. |
---|---|---|
4.070 | 7908 | 1 |
4.080 | 14047 | 7 |
4.090 | 9221 | 2 |
4.100 | 1313 | 1 |
4.110 | 4376 | 3 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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