WAG 0.00% 27.0¢ the australian wealth advisors group limited

Interesting that market values WAG at $24m with $2m cash and...

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    Interesting that market values WAG at $24m with $2m cash and $600k of current NPAT.

    Compare this to DVR of which Lee Iafrate was a founder and major shareholder which has just been taken over for a market cap of $52m and probably earns around $9m EBITA and $4m NPAT this year. Interestingly Iafrate's fund was happy to cash in their chips early in the DVR takeover so they obviously didn't see much upside.

    I wonder how he view's DVR's valuation vs WAG?
 
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