Devine looks a great value opportunity to me.
Housebuilding cycle at a low point at the moment, but the gearing to the upside is huge.
The shares are 65c. Remember, this is a stock that five years ago earned 48c a share and paid out 32c in dividends !! NAV is over 200c.
Shares appear to have formed a base and are now moving up. Can see this quickly going over a dollar with one determined buyer.
massive discount to nav
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)