OCO oriel communications limited

10 cents next stop, page-23

  1. 7,409 Posts.
    re: 10 cents this is it chat K, you are looking at a chart extrapolated to take into account the recent consolidation, which is fair enough.

    Remember though the stock has been trading as a penny, between .7c and 2.2c from memory. These sort of stocks are prone to decent price swings as traders love them. This however is no reflection on their diligent work in the last couple of years, and I wouldnt read into the price swings as a reflection on any issues within the company.

    As I have said repeatedly, the real confirmation will be in the financials, as no-one currently knows what sort of quantities and margins they are currently pulling through. They only announce 6 monthly financials, and the next is due in September.

    Cheers
 
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