Most ASX shell companies do very little when they buy a business. DVI paid a song for this company, and is living off an oily rag in operating it. If they can make a profit, the market will reward them, imo. Meanwhile, WTF has showed how competitive the industry is, and is spooking all travel companies.
The Directors look good, too- not of the ASX merry-go-round type Directors. They have managed to turn a $350,000 company into $10m- not too shabby.
Former code: ABQ (for my own notes).
IBN Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held