Oscar, yes i'm as frustrated as any one with the share price and its lack of movement, i'm also convinced that its someone selling with a major holding either from the rights issue, a past acquisitions where script was issued or the recently sold hoisting division. As we all know stocks get undervalued as well as over valuded, my opinion is clearly one of undervalue. The company has recently sold Destra hositing for $19m, Destras market cap back a year or so ago was approx $10-$12m including the music side of the business, this now tells you how undervalued it was back then and my thoughts are we are seeing the same again but what i am confident in is the upcomming half yearly and the interest it will hopefully generate with the insto's and others. It would not take too much interest to push this stock to the 40-50 mark and hopefully this seller is finished when the good news comes out. Time will tell - good luck with your holding.
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
