Have been taking a close look at the Destra(DES) half yearly...

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