Looking at the limited info provided for the recent Enlog Pacific purchase, at an uniformed first glance, appears to be inexpensive.
In an interview from a couple of years ago Simon indicates that often times DGL may well be the only logical buyer for founders looking to exit family businesses.
Initially, assuming that this was correct, i viewed this as a benefit to DGL shareholders.
However, given the lack of market interest in DGL I find myself wondering if that is indeed the case.
If pricing for these 30 yr old business with founders wanting / needing to retire is without extensive price competition then is that in itself not a reason why "the market" won't apply a beneficial multiple to DGL...
2Sigma....your thoughts.?
GLTA.
EI Nino has ended, wetter years are coming, page-14
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Last
55.5¢ |
Change
0.025(4.72%) |
Mkt cap ! $158.2M | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 55.5¢ | 52.0¢ | $51.29K | 95.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13750 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 5263 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DGL (ASX) Chart |