More likely:
1. No
2.No
3. Nowhere.
Disc: Still holding.
Printable View
More likely:
1. No
2.No
3. Nowhere.
Disc: Still holding.
Might be the last chance to get some at $1.03-$1.04.
The wall of relentless selling which has dogged the SP over the last 3 months is now evaporating quickly.
The rest of the sector as enjoyed some nice rises of late. OCA has got some easy catching up to do now the selling has ceased (wonder how long before they return and what the new level might be ).
i know it sounds like ramping but I am finally excited that the wilderness days for OCA just MIGHT be over.
Must admit that I have been feeling sorry for OCA shareholders lately. As I have posted before, its about 3 years before their service offer is 50-50 new model / old model and in the meantime a really key question is can Earl and his team control their operational costs effectively ? On the evidence I have seen to date and the odd whisper I hear from within the company, there is considerable doubt and I remain of the view we will see pressure on profitability mainly due to human resource cost expansion. I expect continued sector underperformance. That said, it does appear to have built a decent base at around $1.02 so those that take a really dogged approach to holding should do okay.
The overhang remains and I remain of the view that this is also a very key consideration going forward.
In case anyone is interested, Earl gave a presentation about OCA for the ASX https://youtu.be/g7MUWwddWDg