DES 0.00% 9.4¢ desoto resources limited

good stuff, page-9

  1. 488 Posts.
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    Seanb – you have just picked up a great stock at a great price! Don’t worry about a few cents either way in the short term, view this as a 6-12 month holding and IMO you’ll do extremely well!
    The MPH acquisition was approved by the Supreme Court this morning which means Destra’s 07-08 earnings should be around $10-$12 million with 2-3 (smaller) acquisitions still to come, which could add further upside to 07-08 earnings.
    Weakness may be down to the unknown once MPH share holders come on board (are they going to sell), as the offer of 1 Destra share plus 15 cents cash is still a premium to the currant MPH share price as follows = Destra SP 33 cents + 15 cents cash = 48 cents (was 2-3 cents higher on the open) MPH = 44 cents (me may be seeing the SP balancing to the detriment of Destra share holders) – Just my thoughts.
    Looking further ahead to 08-09 I’m expecting further acquisitions larger than the MPH deal and earnings in excess of $20M. I’m basing this on my knowledge of the company and their ability to grow Destra by making both strategic and earnings positive acquisitions. Over the last 4-5 years Dom has managed to pull of a deal that doubles Destra’s earnings so my prediction is he’ll already be targeting the next MPH!
    Good lock to all Destra Holders
 
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1 11111 9.0¢
 

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Price($) Vol. No.
8.0¢ 12500 1
Last trade - 16.12pm 22/11/2024 (20 minute delay) ?
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