Pretty much like yourself DG bought based on recommendation without really understanding the stock.
I wouldn't say it's half yearly's were great. Profit was small, interest costs are high and likely to increase. Their margins are low although have improved. I guess a lot hinges on their integration of their new business, whether the expected synergies will materialise, whether Destra can retain key staff so that they can materialise.
So many questions little wonder the price has come under pressure. But look everywhere at the moment, MCQ $48 today, their is carnage everywhere but the resource sector and probably more carnage to come.
Hopefully DES can acheive stated objectives.
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Mkt cap ! $6.991M |
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