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3.49%

8.9¢ orbital corporation limited

The company reported a $12M loss in the last FY. Only a...

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LizardKing

205 Posts.

6

28/11/17

14:57

Post #: 29182934
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Originally posted by Gillin ↑

Oh dear, oh dear, so many uneducated comments. Peter Cook took over as CEO in 2002. In the fifteen years since OEC has recorded a reported profit in nine of those years, and shown a cumulative loss of just $9.5m during that time.

Exceptional gains include the sale of the property, a book gain re the restructuring of the WA Govt loan. Exceptional losses include the write off of Sprint Gas and the write down of Remsafe last year.

A far cry from your statement of no profits in the past 30 years.

Net assets currently sit at $19.2m as per FY17 accounts which equates to $0.25 per share.

Mangement have indicated in recent months the following:

Target sales for UAV of $22m - which is double the prior year.
Remsafe to be cost neutral by December 2017.
Overheads reduced by $3m annually.

If all of this is achieved then they should report another profit.

I do like Sikadeer's comment re seeking opportunities in the light aircraft market. Now that's positive thinking.

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The company reported a $12M loss in the last FY.
Only a cumulative loss of $9.5M in 15 years? Wow that's amazing!!
Incredible management performance!

When you have to include the profits from the sale of property in your performance you know you are in trouble.

OEC Price at posting: 47.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 8.9¢		Change 0.003(3.49%)		Mkt cap ! $12.99M

Open	High	Low	Value	Volume
8.9¢	9.2¢	8.0¢	$18.67K	218.6K

Buyers (Bids)

No.	Vol.	Price($)
1	300000	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	252757	2

View Market Depth

No.	Vol.	Price($)
1	300000	0.080
1	64100	0.078
2	84115	0.077
1	110836	0.076
1	1333346	0.075

Price($)	Vol.	No.
0.094	252757	2
0.095	29800	2
0.098	2173	1
0.110	40000	2
0.115	6500	1

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last 9.0¢			Change 0.003 ( 3.45 %)
Open	High		Low	Volume
9.2¢	9.2¢		9.0¢	18042
Last updated 15.59pm 06/06/2024 ?

OEC (ASX) Chart