neoteric - agree wholly.
did some work on OCL recently and decided to get on board. i believe the price-to-operating cash flow of ~5x is extremely attractive, particularly given this is after their big R&D expense.
demand for their product will only grow, as State/Local Govt departments continue to "go digital".
agree it has been missed by analysts, the liquidity issue is probably a big factor in my opinion.
my only worry is the revenue model appears to be an annual license, rather than a subscription model. SaaS and subscription tend to go hand-in-hand, and the big boys are moving in that direction (Adobe, Oralce, Xero.....)
neoteric - agree wholly.did some work on OCL recently and...
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Last
$17.42 |
Change
-0.090(0.51%) |
Mkt cap ! $1.408B | |||
| Open | High | Low | Value | Volume |
| $17.78 | $17.78 | $17.39 | $687.5K | 39.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86 | $17.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.44 | 136 | 7 |
View Market Depth
| Last trade - 14.19pm 29/11/2024 (20 minute delay) ? |
| OCL (ASX) Chart |
