Hi
@Jandy, I think we'd be better off comparing DCC with other companies operating in the same space. Unfortunately, however, there aren't any!!! At least not on the ASX. With this in mind, DCC has the opportunity to capitalise on the 'first mover advantage' and should be valued at a premium as a result. The problem is that despite a $170B global market cap, cryptocurrency is still in its infancy and at present the 'traditional' investment community has a limited understanding of how it all works. It reminds me of the early days at Google and Facebook when they had to literally invent new ways of generating revenue.
Your comment regarding the market's belief in management is spot on IMO and the addition of two BGL directors to the board of DCC will hopefully add a degree of confidence and credibility that is reflected in the share price.
I really like DCC's new strategy to expand on it's core business activities and leverage itself to mature and grow alongside the cryptocurrency industry. DCC is not a one trick pony and has opened up multiple potential revenue streams. Judging by the phenomonal bull run that Bitcoin is currently experiencing, the future looks promising.
P.S.
FBR signed an MOU in July with Caterpillar who agreed to collaborate on developing their flagship bricklaying technology and invest $2m for working capital. Another MOU was signed recently with the Kingdom of Saudi Arabia for the potential construction of 50,000 homes. Both of these events added significant value to the company's MC, which currently sits at about $166m.
Disclaimer - I do not hold FBR.
