The software industry feedback on OCL is positive, and at 32 cps the stock is capitalised at circa $40 million, with decent levels of net cash in the bank.
OCL will probably do $45 million in revenues in the 2010 June year, and should do $4 or $5 million at the PBT level, with minimal tax being paid.
Buying a credible software company at around 0.75X revenue (Enterprise value to revenues) is typically a money making trade in the long run.
The fact OCL is investing 24 percent of its revenues into software development, suggests OCL is strengthening its long term position in its key goovernment markets (NZ, Au, and UK largely).
Buy for the LT, and live with the low stock liquidity.
long term value
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Last
$17.32 |
Change
0.070(0.41%) |
Mkt cap ! $1.408B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.43 | $16.98 | $602.8K | 34.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17024 | $17.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 261 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| OCL (ASX) Chart |
