KDY 0.00% 2.7¢ kaddy limited

a prudent 8.5c - 11.5c (10c median). micro: may need to dilute...

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    a prudent 8.5c - 11.5c (10c median).

    micro: may need to dilute shares further to fund acquisitions

    macro: COVID a real headache, gov welfare support tapering off = headwinds for the ASX. I’m bear on the ASX in FY2021 but I have confidence DW8 will outperform.

    that said I am more than happy to be wrong! There’s real value add potential in this business model so I don’t think estimates in the 20c +/- 10% range are that ludicrous. Especially if my macro predictions are well off and the vaccine does it’s thing.
 
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