oscarone, An artical in the Age (i think) a couple of weekends ago stated the following - Dec revenuse up 61% over the same period a year ago - music vouchers up 217% with similar growth in the leading months up to xmas (these figures were for downloading of music only). Please note that the growth with Destra is based on content they own or purchase ie; Central Station etc, which they then digitally make available not only for the sites they partly own but also for others such as Apple etc. Destra's half year profits for this period last year were around the $500,000 mark. I'm hoping they'll be between $2.5 - $3m an increase of over 500% for the corresponding 6 months this year and on top of that they should have profit of $10-$15m from the sale of the hoisting division they sold to bluefreeway in december and its these sort of figures the institution should start to take note and when they do we'll see a proper PE (15-20x) and a much higher share price. Then add cream - any intersest from a third party or a major acquisition (which i'm certain will happen as they made at least 4-5 last year and on the sale of bluefreeway it was mentioned by Dom they will be looking at further acquisitions). Lets not forget they have a paper profit of approx $1m in Quickflix and Bluefreeway. I'm confident that once we get rid of this seller thats been holding the stock back for the last month or so and the half years report comes out (end of Feb) then we should be on are way!!!!
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
