Hey mmv621
Clearly not much is going on here given the lack of replies.
My two bits worth ....
Objective are in a very difficult position right now. Their main offering is an application that was in demand 15 years ago due to the introduction of state records compliance - and i understand they were very successful - and therefore recurrent revenue (from support and maintenance) has continued to flow in. However, now that everyone has an EDRMS new sales are proving to be very difficult. Furthermore, "better/smarter/cheaper" technologies and solutions have entered the market and are replacing these older/bigger/clunkier solutions.
I understand Objective have released peripheral solutions to their key EDRMS solutions, but the $ value from these is significantly less that the traditional offerings and there is much more competition.
I have no doubt that management would have been in the market seeking a buyer in recent years - maybe that's why the share price has risen like it has - because the financial results don't validate why the share price has risen like it has. This is my opinion - DYOR.
Is this why there is now a retraction in share price? Upcoming reporting result fears?
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