OCL 0.29% $17.57 objective corporation limited

What is going on?, page-2

  1. 3 Posts.
    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?
 
watchlist Created with Sketch. Add OCL (ASX) to my watchlist
(20min delay)
Last
$17.57
Change
0.050(0.29%)
Mkt cap ! $1.408B
Open High Low Value Volume
$17.52 $17.89 $17.37 $356.7K 20.29K

Buyers (Bids)

No. Vol. Price($)
2 25 $17.53
 

Sellers (Offers)

Price($) Vol. No.
$17.58 73 2
View Market Depth
Last trade - 12.16pm 26/11/2024 (20 minute delay) ?
OCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.