DNHour

It appears that my first article on Dark Blue Sea (DBS) has sparked a lot of interest and just as many questions about different ways of valuing the company. I thought that it would be worthwhile going through some of my thoughts on how I view and value DBS.

DBS currently has 82,369,287 shares and based on yesterday's share price of 26 Australian cents this gives the company a market value of $AU21.4m or $US17.12. This is very low from the lofty heights last year of nearly $AU100m. Valuing DBS from a market perspective is one thing but there are other ways of building a valuation and the difference between those ways and the market capitalization is the potential opportunity of the share.