So DSB's closest competitor MYE makes no money pays no divi's has a lot more debt yet has a market cap 60% higher than DSB's at 18c.
Even after the rise DSB's current PE is 6.25 (this assume no profit growth even though management are expecting growth), forward yield of 10% fully franked (assuming 60% payout ratio).
If investors are confident coal has bottomed and EPS for DSB will slowly mean revert than right now a PE of 10 is still cheap which puts DSB at 28-29c.
No sellers due to tight register (management have a lot of skin in the game) & the fact that this listed at around $1 so maybe investors looks for a better price
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So DSB's closest competitor MYE makes no money pays no divi's...
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