ODA 14.0% 24.5¢ orcoda limited

I was surprised I got my order filled under 30 cents last week.I...

  1. 1,646 Posts.
    lightbulb Created with Sketch. 111
    I was surprised I got my order filled under 30 cents last week.

    I think I know why there is selling.

    Looking through the updates there is very little visibility on the future pipeline of contracts or even revenue guidance. They just give some broad overview of being part of the megatrend for smart cities.

    If they can give some idea of the dollar value for their backlog of work in the future and conversion rate, then we would see a bigger market cap.

    Otherwise the share price will continue to float here until there are a few more quarters of profits.
    Having said that, there are some companies that don't give guidance so there is nothing wrong. But it is definitely not helpful here.
 
watchlist Created with Sketch. Add ODA (ASX) to my watchlist
(20min delay)
Last
24.5¢
Change
0.030(14.0%)
Mkt cap ! $41.44M
Open High Low Value Volume
21.5¢ 24.5¢ 21.5¢ $6.052K 27.13K

Buyers (Bids)

No. Vol. Price($)
1 4555 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 8314 2
View Market Depth
Last trade - 13.33pm 30/04/2024 (20 minute delay) ?
ODA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.