Ann: Appendix 4C September 2018 Quarter, page-49

Firstly I’m not giving any investment advice here. I invested over 10 years ago and now hold more shares than I should so I probably have a large confirmation bias. I’ve held stocks that have provided a wealth of information and updates and gone bankrupt. Completely lost all the money and delisted.

Reason - no cashflow. Not low cashflow but no cashflow and they were valued at hundreds of millions of dollars. They had so many brilliant plans but luck never played in their favour (and therefore not mine).

Obj haven’t gone bankrupt and have cashflow. The directors carry risk and have to be paid. That’s life. Pay people what they are worth. Speculative investing is full of risks so you carry your own risks and decision making. Profilers on hot copper that write one liner baseless comments and have not spoken to the company and are only looking at the share price are writing emotionally, uninformed, or have an alternative agenda. Either way it’s not useful. I do enjoy reading polar views but with some detailed reasoning.

Obj have plans and they have more products. They have a longer term plan. They have the right management team now and they will talk to you. Just ring and talk to them. It’s not that scary. As they say DYOR. I did and I’m happy. Very happy. They have or are renegotiating rates and they have an excellent relationship with P&G.
I’m as upset as anyone else about the current share price and no one will ever guarantee wealth and success. But if you throw in enough darts one will hit the bullseye.. but look how many miss.

Underpromise and overdeliver is what I liked most.