DNA 6.45% 2.9¢ donaco international limited

DNA Chart, page-8

  1. 1,375 Posts.
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    filbert, good of you to notice the timing of the AGM. The market has been reacting strongly (good and bad) to many AGMs.

    My guess that any news at the DNA AGM confirming continued growth in line with consensus guidance might be enough to buoy the sp up a bit. Let's hope so, and that DNA finally gets closer to even a minimum level of reasonable valuation ($1 for 14x FY16 consensus earnings). By comparison, Crown, Echo, Star etc are all currently priced ABOVE 16x FY16 earnings, and some of their businesses are only hobbling along.

    Maybe soon we'll learn if that 1M share sale (now at 82 cents) is genuine or a ploy.
 
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