The more I think about todays trading halt the more I worry about a takeover offer comming.
DES has no broker’s coverage, its share price has fallen victim to the general concerns about debt, the move to consolidation created nervousness and a “tip sheet” pulled the pin on coverage. Finally a rights issue. I must say I was nervous too and have taken a long hard look and concluded that the current share price is an aberration.Studying DES and playing with figures I found it easy to form an opinion EBITAs of 20m plus for 08/09 very achievable. So what would that make this company worth? 50 cents? A Dollar? two?
Yet at 10 cents DES looks like a sitting duck.
Oscar
The more I think about todays trading halt the more I worry...
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Last
8.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.466M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10202 | 8.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
| DES (ASX) Chart |
Day chart unavailable