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Objective Corp (OCL)
Just keeps doing the Business....
Up another 15 cents to mid $1.70's since the last post 5-6 weeks ago....
That is a gain in last 19-20 months of plus 225%--for OCL; (and including Dividneds of 245%)-- as it was only 51 cents since us earlier OCL fans here at Sharetraderl started rooting for OCL back in April '04 ....
Suspect Christmas will see OCL knocking on the door of $2.00
Kindest Regards,
Robbo
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Time to update a rather old thread! Certainly, looking at the chart, Robbo (and TLA87 to a lesser extent) had a good ride on this one through 2004-2005... with that last ramp from Robbo coming right at the peak.
Attachment 4076
Looking cheap here at 44.5cps on the basis of the $4.6m NPAT announced today - a PE of 9.7 with div yield of 5.2% and cash in hand of $13.5m (13 cps). Outlook "promising", so there could be a trade here, albeit illiquid. Since the heyday, revenue has been maintained at just under the $40m mark, but margins have been variable as costs fluctuate. On that basis, it probably needs a wary eye to the chart for an exit - it has a history of moving in advance of results.
Suspect the director that sold 20m shares at 20.75cps in a partial buyback late last year might wish he had waited out for a little more though...
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Junior Member
October 2019
Update October 2019 $4.44 CPS
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