Robbo,
Looks like your prediction could be on the money.. Check out the bid depth building up!

I sold my OCL last week, as I decided I had absolutely no idea what they would earn this year, and no way of discovering that!

If they had been valued somewhat more conservatively, I might have been prepared to take a risk, but at current levels there is just not a significant margin of safety in my opinion.

The problem with OCL is that they may not grow earnings consistently over time, because the business relys on the constant winning of new contracts.

I may end up with egg on my face if the share price continues to head North, but for me this is the right decision whatever the SP does.

If I can't predict with any certainty what a company will earn next year and the year after, then I need a highly conservative valuation to justify investment.

OCL simply no longer fits my criteria.