External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

External broker reports(aggregated public sources)

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>DGH reported a solid 1H24 result, generating operating EBIT of $0.2m before a $3.4m valuation uplift on its Penrith development site which resulted in a statutory NPAT of $2.2m.</li><li>NTA/sh increased to $1.64, equating to a current trading discount of 43% based DGH’s last price of 94c.</li><li>We believe there is value in the stock, emphasised by its steep trading discount as well as:  A pipeline of development projects on the balance sheet, several of which are likely to commence in FY25.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DGH reported a solid 1H24 result, generating operating EBIT of $0.2m before a $3.4m valuation uplift on its Penrith development site which resulted in a statutory NPAT of $2.2m.NTA/sh increased to $1.64, equating to a current trading discount of 43% based DGH’s last price of 94c.We believe there is value in the stock, emphasised by its steep trading discount as well as:  A pipeline of development projects on the balance sheet, several of which are likely to commence in FY25.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Desane Group Holdings Ltd (DGH) - Development Pipeline Beginning to Take Shape

<ul><li>Net debt of $0.3m at 30 June, with $82m in property assets and development inventory;</li><li>A largely unencumbered project pipeline that should create development activity for the next five years;</li><li>An experienced management team that has demonstrated sensible protection of shareholder capital in recent years.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Net debt of $0.3m at 30 June, with $82m in property assets and development inventory;A largely unencumbered project pipeline that should create development activity for the next five years;An experienced management team that has demonstrated sensible protection of shareholder capital in recent years.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Desane Group Holdings Ltd (DGH) - Initiation – Coming Out of Development Hibernation

Australia

Desane Group Holdings Limited invests in, develops and resells real estate property throughout Australia.  The Company is also active in property reinforcement and construction financing and other related building services.

Desane Group Holdings (DGH AU)

Desane Group Holdings Ltd (DGH) - Development Pipeline Beginning to Take Shape

DGH reported a solid 1H24 result, generating operating EBIT of $0.2m before a $3.4m valuation uplift on its Penrith development site which resulted...

Taylor Collison

Desane Group Holdings Ltd (DGH) - Initiation – Coming Out of Development Hibernation

Net debt of $0.3m at 30 June, with $82m in property assets and development inventory; A largely unencumbered project pipeline that should create...

Taylor Collison