Yes, I agree Germantheologist. There’s 8 cents in cash and a business that shares most of its offices with the old parent company with an EBITDA of $4.1m on revenue of $158m in FY21 (compared to EBITDA of $2.7m on revenue of $350m in FY20) . Surely it cant be worth any more than $15m which is equivalent to 4c per share. Add in 8c cash and it’s worth 12c. That tallies with the average last day CDD ex price of $1.60 less the $1.49 return. So why are so many people now buying at almost double that?
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