TSI has initiated coverage of digitalBTC (ASX: DCC) a vertically integrated Bitcoin company, capped at around $50m and has an early mover advantage in the...
Adam Kiley
TheSophisticatedInvestor.com.au
TSI has initiated coverage of digitalBTC (ASX: DCC) a vertically integrated Bitcoin company, capped at around $50m and has an early mover advantage in the rapidly evolving digital currency sector. Despite only being in operation for three and half months, DCC recently reported FY2014 revenue of US$4m and EBITDA of US$2.5m for its bitcoin mining and liquidity provision operations. The stock is trading at 8.5 times our 2015 estimates and is well positioned to benefit from the wholesale adoption of Bitcoin by consumers. Our Base Case valuation is $1.04, a 270% premium to the current share price. To view the written report (VIEW LINK) A video report is also available and free to access however registration is required (email and user name only) (VIEW LINK)
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Adam is the Founder and Principal of thesophisticatedinvestor.com.au (TSI Capital). TSI provides equity analysis of listed companies, however, is different from traditional providers as TSI presents its analysis in a video format. This includes site trip to the operations, management interviews and detailed analysis all presented in video. Adam has worked in the resources and corporate finance sectors for over 10 years with experience in Australia and London. Adam previously worked for RFC Ambrian, PCF Capital and LionOre Mining (now Norilsk Nickel) before setting up TSI Capital in 2014.
Adam Kiley
Director
TheSophisticatedInvestor.com.au
Adam is the Founder and Principal of thesophisticatedinvestor.com.au (TSI Capital). TSI provides equity analysis of listed companies, however, is different from traditional providers as TSI presents its analysis in a video format. This includes...
Expertise
No areas of expertise
Adam Kiley
Director
TheSophisticatedInvestor.com.au
Adam is the Founder and Principal of thesophisticatedinvestor.com.au (TSI Capital). TSI provides equity analysis of listed companies, however, is different from traditional providers as TSI presents its analysis in a video format. This includes...
Expertise
No areas of expertise
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