Lets get some basic facts straight here guys, I feel the pessimism is through the roof in these threads.
Let's take a step back
As of the last 4C announcement DCC holds $3.5mil in Cash, 340k in liquid ievstments and 532 Btc.
Each bitcoin is worth $56k USD currently * 532
= 29792000USD
Using USD/AUD spot rate of $1.27
The bitcoin position alone is worth $37,855,145.22
In total the company currently has cash+financial investments of $41.7m
Current company market cap is $57m.
So at this very moment the EV of the company is $15.3m. Right now the market is valuing all the services and products that DCC has in it's pipeline and all associated future growth in cash flows and revenue at only $15.3m, seems like a super bargain to me.
I bought in at 9.1c on friday. I've never been a believer in cryptocurrencies but i've always believed in value. If I might as well get some exposure to crypto I'd rather buy something that's deep deep value.
Good luck to all that have sold but the market will always rerate.
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Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $46.78M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.0¢ | $92.11K | 1.752M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 113878 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 188678 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 80509 | 0.051 |
5 | 237959 | 0.050 |
5 | 178000 | 0.049 |
4 | 520833 | 0.048 |
5 | 372659 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 188678 | 1 |
0.055 | 17500 | 2 |
0.056 | 75176 | 2 |
0.057 | 68000 | 3 |
0.058 | 250665 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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DCC (ASX) Chart |