There is ample room for cheerleading. The company has resolved the issues and is poised to return to the $2.5 - $3.0 million annual profit trajectory that we wee on. This alone provides the impetus for a conservative market capitalisation - using a price earnings ratio of six - of $15million.
Throw into the mix increased cash flow $2.5 million EUR shares and we are well financed for future acquisitions and expansion opportunities. The rebound has commenced and the day traders have seemingly sold out.
Relief for long termers is on the horizon. Go long and stay strong.
My prediction is a share price of 4 cents by mid year. DLC is grossly undervalued and underestimated.
DLC Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held