Divi's here we come - 2 days to wait, page-9

So DSB's closest competitor MYE makes no money pays no divi's has a lot more debt yet has a market cap 60% higher than DSB's at 18c.

Even after the rise DSB's current PE is 6.25 (this assume no profit growth even though management are expecting growth), forward yield of 10% fully franked (assuming 60% payout ratio).

If investors are confident coal has bottomed and EPS for DSB will slowly mean revert than right now a PE of 10 is still cheap which puts DSB at 28-29c.

No sellers due to tight register (management have a lot of skin in the game) & the fact that this listed at around $1 so maybe investors looks for a better price