Seanb – you have just picked up a great stock at a great price! Don’t worry about a few cents either way in the short term, view this as a 6-12 month holding and IMO you’ll do extremely well!
The MPH acquisition was approved by the Supreme Court this morning which means Destra’s 07-08 earnings should be around $10-$12 million with 2-3 (smaller) acquisitions still to come, which could add further upside to 07-08 earnings.
Weakness may be down to the unknown once MPH share holders come on board (are they going to sell), as the offer of 1 Destra share plus 15 cents cash is still a premium to the currant MPH share price as follows = Destra SP 33 cents + 15 cents cash = 48 cents (was 2-3 cents higher on the open) MPH = 44 cents (me may be seeing the SP balancing to the detriment of Destra share holders) – Just my thoughts.
Looking further ahead to 08-09 I’m expecting further acquisitions larger than the MPH deal and earnings in excess of $20M. I’m basing this on my knowledge of the company and their ability to grow Destra by making both strategic and earnings positive acquisitions. Over the last 4-5 years Dom has managed to pull of a deal that doubles Destra’s earnings so my prediction is he’ll already be targeting the next MPH!
Good lock to all Destra Holders
- Forums
- ASX - By Stock
- good stuff
Seanb – you have just picked up a great stock at a great price!...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DES (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.5¢ |
Change
0.015(11.5%) |
Mkt cap ! $9.216M |
Open | High | Low | Value | Volume |
13.0¢ | 15.0¢ | 13.0¢ | $88.93K | 613.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36000 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 4343 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36000 | 0.130 |
2 | 104426 | 0.125 |
2 | 14200 | 0.120 |
1 | 31547 | 0.105 |
2 | 175000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 4343 | 1 |
0.150 | 100000 | 1 |
0.155 | 39235 | 2 |
0.160 | 10000 | 1 |
0.165 | 33000 | 1 |
Last trade - 15.55pm 08/08/2024 (20 minute delay) ? |
Featured News
DES (ASX) Chart |