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brassmad

1,563 Posts.

23/07/16

14:15

Post #: 18344492
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Originally posted by rajeagle ↑

Guys, something just came to me from something they said at the AGM with regards to OTT. We asked them is "OTT making money?". They tapdanced around the question and then said "Yes". We then pushed and asked "How Much?". Again more tap dancing. And then all we got is "several million". In all the announcements and talk of OTT I've never seen them release any figures. Has anyone else? If by "several million" we're talking 3-4 million wouldn't that put OTT/IOT at a significant valuation? Should the value of the SP be in the 10's? Again, this is the conspiracy theorist in me coming out... But are they playing funny buggers with the SP in preparation for the demerger so the SP is as low as possible? I might be talking out of my butt, however I heard what I heard in the meeting and I obviously wasn't the only one there. Can anyone back me up that was present at the AGM?

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G'day Raj, from memory (not in my notes) "several million" was mentioned
cheers

IOT Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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