Thanks Septic1.
In regards to the cash level - as per the buyback material, OCL disclosed they have existing cash reserves as at 30 Sept 2011 of $17.1m. This may have been inflated by timing of receipts (most of their annual maintenance / licence fees are received in the Sep quarter). But that’s essentially how I got the $12m of net cash. $17m less $4.2m buyback proceeds.
am i missing something, page-3
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$14.89 |
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Mkt cap ! $1.417B | |||
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| No. | Vol. | Price($) |
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|---|---|---|
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