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Good post - 3c looks like reasonable value to me. That's my...

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SonOfSocrates

3,837 Posts.

07/08/15

14:13

Post #: 15769176
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Originally posted by milesy ↑

I'm looking forward to the announcement regarding the converting of the note to give us the 54% ownership of the BYOJet business arm.

The last if the funds relating to the con note were lent recently, so conversion should just be a formality.

Once converted, it would mean that DVI's proportion of revenues/profits from this business can also be recorded on its financials.

Now that would make for a quarterly worth a re-rate.

I may be naive, but surely if DVI becomes profitable through its investments in these businesses, it can keep running itself on the oily rag (as it is currently) and use the funds to keep acquiring a greater and greater stake in both the businesses. (DVI has the right to purchase 100% of both companies).

No further dilution. Full ownership of two profitable, growing enterprises. Very smart operator.

Milesy

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Good post - 3c looks like reasonable value to me. That's my target anyway.

IBN Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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