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09:22
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Originally posted by ExtraPace:
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Refer to financial results from Aug last year and also note that $84M wa s Net Cash Position . Deducting $14M delay (note this is a delay in payment but forgone revenue), Now, The devaluation of the village will result in a non-cash pre-tax charge of $7.0 million to the interim results for the half-year ending 31 December 2019. Considering all these, the company still has $60M net cash position ($84-$14-$7-$3 for NZ). Also to note that NZ issue will not have any material impact but the delay in earning. As of 31.01.2020, DCG market valuation is based on $0.41 share price is $98M which is expected to generate about $663M revenue in current FY and has P/B of 0.44 and P/E of 6.68. With all these details, (my opinion only) DCG is currently undervalued and its BUY for me......
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Hi all,
