Domain – please understand Destra’s earnings are not just based on (and are probably vary small numbers in the scheme earnings) their download sites i.e. JB HiFi, Harvey Norman etc but are based on (unofficially) that they are the Fourth largest music company in Aus (and also have a big brother relationship with Sony). Destra’s earnings are made mainly through the sale of CD’s Video’s etc with the option to benefit through the boom in music downloads not only through the sites they run but the likes of Apple and others who they will distribute their content to. Take the recent acquisition of Central Station for example, this was an older type music company who had not moved forward with the times i.e. none or vary little of their music had been digitized so no downloads were available which includes both new releases and their back catalogue. Destra will now digitize this stable of music and provide this content to the download world, this is where the growth will come from (they are doing this with the Rajon stable of music they acquired that year). All this info was made clear in recent announcements including the agm broadcast which is available to download and the I4P interview. Destra normally produce a vary good and informative presentation released with their half yearly report, it will be worth reading if you want to follow and understand the growth and its future potential. I believe the half yearly report is due out the last week of Feb
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
