Forum Archive Index - July 2000

[Phil Eriksen <phil@acepay.co.nz>]

Rini H wrote:
> 
> Mark, I'm very happy if you can forward me your magic discounted
> cashflow spread sheet.
> No urgency. Thanks.
> 
> BRZ at 2.26 today, up from yesterday 2.24, but still trading under
> moving average line.
> Wait Mark, wait for the right timing to buy your next purchase.
> 
> I've been following DVT for the last few weeks, looks good to me. Any
> other opinions?
> I bought Davnet (DVT) today at 1.87. Close at 2.03. Started
> trending upward nicely.
> Quicken fundamentals: Telecommunication industry, NTA 17, Earning
> yield 5.734, EPS 0.116, PE 17.44
> DVT is one of the most traded shares in ASX with 1700 trades at 10.4
> million volume today!!!!!
> 

>From memory (and its been a while since I looked at Davnet) be wary of
those numbers - especially the PE.  Suggest you check the last years
news etc, but I am pretty sure those "earnings" are not real
cash-in-the-hand dollars from continuing operations.

Someone with more interest and knowledge in Davnet is welcome to add to
this..

Cheers,
Phil

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