DNA 0.00% 3.6¢ donaco international limited

To give the most honest reply (which will be biased coz I'm...

  1. 545 Posts.
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    To give the most honest reply (which will be biased coz I'm invested)

    pros
    -making a lot of money now
    -more cash on hand than debt
    -low cost of revenue
    (so it's pretty much guaranteed to make SOME profit)

    cons
    -cambodia is cracking down on casino licenses
    -thailand is gonna open it's first casino in 5 years or so and most the current clientele in star Vegas is from Thailand
    (so the future of star Vegas is iffy)
    -the CEO is still an unknown as he has a conflict of interest as he owns the land underneath Cambodian casino and has other casinos in Cambodia which he can direct traffic to

    so
    the 10mn or so EBITDA from Vietnam is pretty solid and has room to grow and the CEO has no conflict of interest regarding that property
    the future of the Cambodian casino is unknown for three reasons
    1 competition from Cambodia and Thailand
    2 license
    3 land lease arrangement.

    taking away the Cambodian casino completely the value of the company should be a minimum of $70mn and possibly over $100mn (so about double the current SP)

    if the Cambodian casino continues to add revenue then who knows, but at the going EBITDA ... $200mn? 300mn? But that's totally speculative and I am biased as I've said
 
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