OEC 10.3% 13.0¢ orbital corporation limited

Ann: Orbital implements share buy-back program, page-27

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  1. 10,430 Posts.
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    "Well, I sold 70% of my holdings just after the report came out, all at 15c and 16c. From here I just think I will sit tight for a year or so then probably sell the rest at about 5c." - quote from bobadah post March 2014

    The first bit happened as stated. The 'sell at 5c' bit was being a bit cynical, implying that the SP was likely to fall away until there was absolutely no hope, so I might as well clear them away. In fact I have 100,000 now and will assess them after the HY report next month. I have hopes that the share BB meant they had made a reasonable profit, but others here have put forward some less generous reasons for the BB. I will wait and see before making any decisions, but I expect I will not have to sell at 5c.

    I am now pretty sure that Orbital is a lost cause but you never know.
 
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