Hmm, Above was a throw away line, but have since run some figures.
As per LSE today, SOLG Market cap is GBP 405 mill = circa AUD 712 million.
DGRs 12.04% = AUD 85.72 million.
of which 30% = AUD 25.7 million.
Across 613 181 877 DGR ordinary shares on issue = 4.19 cps.
Leaving DGR with a 8.78% of SOLG remaing..
4.19 cps !!,
The announcement of the payout alone would add 50% to DGR sp (granted temporarily until going ex payment)
But even then would we retreat 50%?
I dont think so, , we would probably retreat 30% of 50%, or 15%, because that is the percentage the market appears to value our investment shares at, and it would be an indication that value can be extracted from a DGR shareholding.
OK, in anticipation of the argument that we should wait until takeover, and the value will be goodness knows, but threefold that is easily believable, - How much of that "threefold" do you think we will actually see? we could have paid out the 30% when the offers were coming in in the 40+pence zone.. not the 20+ it is now.
Nothing wrong with taking profit off the table.
SOLG is in fact, an investment company.
So again, How much of that "threefold" do you think we will actually see?
I have no idea - and perhaps it is about time DGR had a policy to clarify this to shareholders so we do not remain in the dark, this also may gove the market more confidence in DGR and help close the NTA.
- Forums
- ASX - By Stock
- Orbis Gold
Hmm, Above was a throw away line, but have since run some...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.588K | 158.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 185236 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1983333 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
Last trade - 14.51pm 29/11/2024 (20 minute delay) ? |
DGR (ASX) Chart |