Subject : [shares] destra Update: destra recommended in investor newsletter
Stakeholder, please find attached a copy of the newsletter from
Invest4profit.com that recommended destra shares to their members.
Thanks and have a great weekend :-)
Domenic Carosa
----- Original Message -----
From: Invest4Profit.com
Sent: Friday, February 03, 2006 10:11 AM
Subject: Member Mail
Dear Members
I have a new recommendation.
I recommend to buy DES now.
It last traded at 14.5 cents.
Currently the offer is 15 cents.
I believe fair value is near 28 cents,
... so I recommend to pay up to 22 cents.
Destra is D-rated.
In that light, invest up to 4%.
... i.e. 4% of your total equities capital.
I recommend DES because:
... it's a 5 star bargain at current prices !!!
In 2007, without any growth at all:
Destra will post a net profit of about $2.2m.
Having said that, the growth potential is huge.
Given the market cap is just $19 million,
... and that accounts for the options,
Destra's 2007 P/E is just 8.6.
I say that based on a share price of 14.5 cents.
... and based on $2.2m net profit.
If we deduct $2m for net cash, the cap is $17m.
Based on a cap of $17m, the 2007 P/E is just 7.7.
Due to the growth potential moving forward,
In our view, the 07 P/E should be at least 16.
... i.e. compared to the current 8.6.
Destra is a therefore a compelling opportunity.
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