My apologies got the numbers mixed up, this puts the company EV at $22.5m still a bargain in my eyes considering you usually have to pay a premium on technology and high growth sectors.
For context DCC's bitcoin fund has a higher NAV than the companies valuation by the market.
From the 4C report
Bitcoin spot value was taken at $31114USD
USD/AUD was taken at 1.297
NAV of the fund was $17.8m AUD from this we can infer that the fund has
(17.8/1.297)/0.031 = 441 Bitcoin in management
Considering the price of bitcoin is 55.8k usd currently
Fund's NAV $31.14m as of today using AUD/USD rate of 1.27
Pretty darn good if you ask me.
Today's close / closest to pin, page-60
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