Forum Archive Index - March 2001

["Ken Donelan" <kdonelan@ihug.co.nz>]

Their half year profit was $368,000 yet the full year profit was only $224,000. This means they made a loss of $144,000 over the last 6 months. Hardly an inspiring result.

----- Original Message -----

From: Greg McDonald

To: sharechat@sharechat.co.nz

Sent: Friday, March 09, 2001 6:06 PM

Subject: Re: Re: RE: [sharechat] Damba (DMB) - on the improve.

I agree that the future is certainly looking better for Damba.

I have closely followed this stock (and held it) for the last three years.

Over the last three years they have paid out some amazing returns-tax free capital returns-11cps & 7.5cps and a tax paid 2.5cps dividend !!!!!!.

This seems to have not done the shareprice any recent favors..

The most recent years has seen revenue rise strongly and now we are seeing strong growth in profits

I agree that the stock has low liquidity,  but when you have such good management(Simon Wallace), cash in the bank, some very real,innovative new diversified investment opportunities who would want to be a seller??????? -Very few !!!!!

Damba has at the ready 1.5-2 million sitting in the bank ready for new investments.

Their decision to not splash out dividends now will only bring much better things for those with a little patience.

 

Look into it yourself...........- any more feedback??????