OKN 0.00% $1.90 oakton limited

Mike, I bought the morning they announced the buyback at $1.19...

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  1. 786 Posts.
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    Mike, I bought the morning they announced the buyback at $1.19 which coincidently was two days before the record date for the 5.5 cent divi. Was looking to enter and the buyback gave me confidence that a floor had been set. At least in announcing a buyback, it would appear they've decided to forget about any further acquisitions. Okn is a cyclical stock and in my opinion it is now at the bottom of its cycle. With no debt, a fantastic yield, and plenty of upside in the shareprice, I'm very happy to be in. Currently worth around $2 in an ordinary year and with a good year behind it $3.

 
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Currently unlisted public company.

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