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$1.15 dusk group limited

IPO - Dusk Group Limited, page-117

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noomxx

7,572 Posts.

1124

26/05/22

14:28

Post #: 61638703
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Originally posted by Mr-Chow: ↑

I made a late enquiry about Dusk but didn't get the explanation on some key figures to bet against Brett Blundy.

The biggest issue I had were metrics that were not sustainable given they are listing at the end of the stay at home peak which led to a temporary 67% quarter to quarter increase in revenue since March.

Consider that 67% includes the period where some stores were shut so they got that revenue rocket while also getting the benefit of a one-off OPEX decrease with less rent / staffing.

Putting the puzzle together I have to go back to the 2019 CY figures to see what the business looked like pre-Coronavirus (it works both ways if you use 2020 figures for an investment that lost -67% revenue due to Coronavirus you wouldn't use that to project either).

So basically NPAT was $5m in 2019 CY a jump of about 60% over 18 months. Projecting a similar rate you then get to $8m NPAT for 2021 FY.

So the $40m selldown from private firms took advantage of the stay at home boom in homewares to be able to use a $12m TTM figure instead.

Market seems to have figured it out and as of typing has valued Dusk at $105m. This would be a 13x PE on my own rough projections once hours spent at home return to previous levels.

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nice post Mr Chow.

DSK Price at posting: $1.98 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.15		Change 0.005(0.44%)		Mkt cap ! $71.29M

Open	High	Low	Value	Volume
$1.14	$1.16	$1.14	$231.4K	202.9K

Buyers (Bids)

No.	Vol.	Price($)
1	12942	$1.14

Sellers (Offers)

Price($)	Vol.	No.
$1.15	4495	1

View Market Depth

No.	Vol.	Price($)
1	12942	1.140
2	18381	1.135
4	5040	1.130
2	13591	1.100
1	1505	1.050

Price($)	Vol.	No.
1.145	4495	1
1.150	3552	1
1.210	13000	1
1.220	40000	1
1.240	7896	2

Last trade - 16.10pm 07/11/2024 (20 minute delay)

DSK (ASX) Chart