market cap is at 90 mil after today and with no debt and 83.5...

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burtie

39 Posts.

04/02/20

17:25

Post #: 42742118
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Originally posted by ExtraPace: ↑

DCG started bleeding since 11 December 2019 and now at the lowest point in the last 10 years and credit goes to its management decision to conceive projects like Sunraysia and Gladstone village. As many of its top shareholders either offloaded completely (CBA) or reduced its investment (Mitsubishi) with exception of Thorney, the management has not broken its silence since 23 December 'Market Update' besides must do announcements (e.g. holding position). As its half-year annual report is still 3 weeks away (believe anywhere between 26-28 February) the SP successfully pushing fear in market. If this trend continues, the share price will be around $0.30 before the half-yearly announcement.

The DCG management should come out of Hibernation and post some positive news... (If they have any??)

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market cap is at 90 mil after today and with no debt and 83.5 mil in the bank( as of 30/6) we are hopefully close to the bottom finger crossed. A 30cent sp would have this mc lower than its cash position ( assuming its all still there ) .
Don’t know what to make of this one?? Any thoughts ?

DCG Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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market cap is at 90 mil after today and with no debt and 83.5...

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