Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Divestco Inc. - Class A V.DVT


Primary Symbol: DSVTF

Energy
Divestco Inc is the Canada-based exploration services company. The company is engaged in the development, designing and sales of geoscience solutions to Energy and Service companies. The company provides Software & Data, Seismic Processing, Geomatics Services, Seismic Data & Brokerage, and Land Services. The company operates in four business segments namely, Software and Data comprises of software exploration products and also provide full suite of support data layers; Services segment comprises of geomatics and processing; Seismic Data comprises of seismic brokerage and data management services which also contributes a major part of revenue and, Corporate and Other segment comprises of overall strategic consultant to companies. Most of its revenue is generated from the Canada market.


EXPM:DSVTF - Post by User

Divestco Inc. - Class A
Bullboard Posts
User Avatar Image
(0)
•••
Comment by bigbehr99on Jul 05, 2010 8:11pm
708 Views
Post# 17245287

RE: RE: Selling Seismic Database

RE: RE: Selling Seismic DatabaseI can't figure out why DVT wouldn't have tried to sell the company as a whole because I can't see them operating on the leftovers either. Over half of their revenue came from data sales and now they've sold that source of income. Maybe they have acquisition plans for the remaining cash after they pay off the debt? Or maybe they'll give it out as a dividend to shareholders? I figure the remaining cash should be around 23 million or 55 cents/share (50 million cash - 27.4 million debt). I used the 27.4 from the 2009 year end report. Any thoughts?

As for the PSD shares, would it be reasonable to expect 1 PSD share for every 3 DVT shares? I am basing that on:
14,285,000 / 41,958,000 = 0.34

With the sale valued at around 67 million, and DVT's market cap only around 30 million, why wouldn't PSD buy the entire company? Am I missing something?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities