Have been taking a close look at the Destra(DES) half yearly result and it makes for an interesting comparison to JUM :-
DES Market Cap $33 mil @ 27.5c JUM Market Cap $20 mil @ 5.4c
DES NPAT $468K JUM NPAT $400 - $500K
DES has a NEGATIVE Net Tangible Assets 8.05 mil - 8.46 mil = (408K) JUM had an NTA of $1.1 mil at June 05 and since then has made a profit of at least $400K and raised $2.8 mil
Another consideration is Destra is in online music and Jumbo is in online lotteries - which is better? I know which business I would rather be in and it isn't online music with the amount of competition out there.
If you were to take a line from the Destra market cap the JUM should really be up around the 9c+ mark.
Cheers, Phil
JUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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