DCG’s interim results (EBITDA $9.3m) maintained the positive earnings trend, while good cash flow and a capital raise during the period has put the Company in a strong position to take advantage of organic growth opportunities. These are evident across all target sectors. Improved visibility, growing diversity, positive margin trends and balance sheet strength provide good reasons to BUY at current levels. Our valuation increases to $1.20 (prior $1.10), and we believe this number can grow if the coming periods provide evidence via an improving margin that growth and solar risks are being well managed.
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