DES 0.00% 9.4¢ desoto resources limited

flying under the radar

  1. 6,676 Posts.
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    Despite recent publicity has/is DES still flying under the radar? Is it a gem lost in the dust of the Resources Boom?

    Has anyone run the ruler over DES recently? It's hard to keep up with them.

    Last year they said they expected 07 revenue to be 50M but looks likely 70M will to be more the case. (based on HY07)

    From what data (Fridays close and the HY07 figures) is around EPS is 3 cents
    A PE of 13 and a Yield of 7.7% which seems outstanding value to my way of thinking particularly given its blue sky potential.

    But surely hasnt everything accelerated in DES world in the last six months?

    MAGNA, QUICKFIX, PRIME and Murdoch will all influence 07/08 results.

    The annual report in September will make for some interesting reading.

    I'd be happy to hear views for and against DES, as I see little downside and lots of upside from here. (I may need a reality check)



    Regards

    Oscar














 
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