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Total enlarged shares after 5 years = 1.46 billion.
TTM 2023 Net profit for DC =12.6 mil
I Bella 2023 net profit = 3 mil
Combined net profit =15.6 mil.
Assuming growth rate of 20% per annum in a booming economy, therefore by 2029 (when all warrants expired) the expected combined net profit will be about RM 33.63 mil.
In my opinion, it is worth investing in DC. But please wait till the moratorium 6 months of the major share holders start to kick in by Jan 2024. I foresee the bosses will sell their shares to take good profit (IPO 25 sen).
At current price of 45 sen, further downside is still possible to abt 30-35 sen.
Once 6 month moratorium ends, insiders can sell their stocks if they want. DCHCARE 6 moratorium ends in February next year. Employees are entitled to earn some profit gain in the company. Its a mandatory to allocate some shares to their employees. BURSA acknowledges employees contribution to the success of the company. We see this as liquidity. Liquidity makes share prices fluctuate. Bulls see this as their opportunity to make some money.
That's the time. Some of us see stock trading as our active income. We make our entry and exits whenever opportunities presented to us. It takes years of learning. Company issues ESOS later next year. We dont see 6 month moratorium and ESOS as our threat. There are several phases; 1- Pink form holder 2- 6 moratorium; 3- ESOS receivers [periodic]
We take our chances. Bulls POWER!!
