Can someone check my figures - I always thought DGR traded ~50% to net assets, but I just ran the numbers and I get:
11.06% of SOLG = 40.6 M
21.97% of AJQ = 7 M
22.03% of IRR = 6.74 M
16.73% DHR = 1.17M
call ANW ~330k...
This comes out at about 55 M, vs a current market cap of 47 M: Doesn't this just seem about fair value? Have I missed anything? No way they could sell their holdings for the current SP of the subs, so taking ~20% off seems fair. Adding into the mix they seem to be having cashflow issues, is anyone still arguing that they are undervalued?
Which of the subs are turning a profit at the moment? Seriously is it any?
I'm staying well out for now but was surprised to check back and find this situation.
THE PAIN, page-13
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $26.09M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.4¢ | $4.727K | 189.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 183012 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 493010 | 1 |
View Market Depth
| Last trade - 10.11am 29/07/2024 (20 minute delay) ? |
| DGR (ASX) Chart |