Two consecutive $1m quarters of OCF as IK has mentioned is a solid result. The company is heading in the right direction and the next quarter should be a lot more promising than this one.
Iridium earnings statement is coming and also a conference call will be held at 10.30pm tonight EST (for US callers though) but they will be posting a replay of the live recording a week later! Worth listening to I'd say! http://investor.iridium.com/releasedetail.cfm?ReleaseID=905624
'Profit Expectations - The Company anticipates profitable trading to continue for the remainder of the 2014/15 year. The Company’s directors and management anticipate a profit result broadly in line with budget expectations and the previous financial year' - One of those companies that 'Promise less, Deliver more'.
SP still looks cheap at these levels! GLTA holders, lets see many more bags on this one!
WRR Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
