DNA 2.44% 8.0¢ donaco international limited

Originally posted by Nightmarez3kFrom 77 to 83M is not yet...

  1. 1,262 Posts.
    lightbulb Created with Sketch. 116
    Actually quite a bit of info in there regarding the alledged actions of the Vendor. Although, if the court documents referred to are from the NSW court, we should not have been wasting our time speculating, if answers were on public record. Alledging that the casino was shutdown on June 30 2017 at 4pm and everyone moved next door, incredible!


    If there is any truth to that it's hard to see how you get away with that in an arbitration process in a developed country if you signed a non compete, absolutely extraordinary. Whether he has sheltered his assets is ultimately what matters if this is all true. 


    Not sure how I fell about the 14.5c price target, let's hope that's in context of the current earnings, not the future run rate. That 14.5c is an Enterprise value of around A180m inclusive of debt. If they make around A20-30m Npat in FY19 that's a multiple 6 to 8 times. Seems reasonable if the lease issue is cleared up. Still reckon it's a A50m+ Npat business medium term, so 40c-50c at a single digit multiple, number of shares and debt outstanding not withstanding. 


    Yes Roger, it does seem like there may be more impairment of DSV as it's likely made less than in H1 18, which was the trigger for the first impairment. Mind you, mainly due to the higher costs around online and legal. 


    It was mentioned there have been purchase proposals, yet Ben mentioned the refinance with Megabank. That's obviously better rather than bringing in a partner while the casinos are at a very low point. However, remains to be seen how that restructure might work. A refinance like last time might be trickier now. 

 
watchlist Created with Sketch. Add DNA (ASX) to my watchlist
(20min delay)
Last
8.0¢
Change
-0.002(2.44%)
Mkt cap ! $67.53M
Open High Low Value Volume
8.3¢ 8.4¢ 8.0¢ $92.81K 1.140M

Buyers (Bids)

No. Vol. Price($)
1 87729 8.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 50000 1
View Market Depth
Last update - 16.10pm 25/04/2019 (20 minute delay) ?
(live)
Last
8.3¢
  Change
-0.002 ( 0.00 %)
Open High Low Volume
8.2¢ 8.3¢ 8.1¢ 194544
Last updated 14.13pm 25/04/2019 (live) ?
DNA (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.