Australia Surveying Business a Cash Machine, Says Baillieu Holst -- Market Talk

Australian company OTOC Ltd. (OTC.AU), which offers surveying and
planning services for the construction industry, has clearly proven it can make money,
say analysts at Baillieu Holst. The analysts say the key takeaway from OTOC's latest
earnings result is the exceptional free cash flow driving a material improvement in the
company's financial position to net cash of A$1.6 million (US$1.2 million).
"This demonstrates the cash generative power of the business and importantly, allows
OTOC to accelerate its surveying roll-up strategy," says Baillieu Holst. The
analysts maintain a "buy" recommendation for the stock and expect it to rise to
A$0.42 over the next 12 months. It was trading at A$0.34 before markets opened Wednesday.