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!
The "asset light" model of DRR has drawn my attention for a...
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Last
$4.06 |
Change
0.005(0.12%) |
Mkt cap ! $2.141B | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.06 | $4.03 | $485.3K | 120.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 8335 | $4.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 15497 | 20 |
View Market Depth
| Last trade - 10.33am 12/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |