OKN 0.00% $1.90 oakton limited

Hey I'm glad someone else is out there; OKN doesn't seem to have...

  1. 365 Posts.
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    Hey I'm glad someone else is out there; OKN doesn't seem to have any friends left! I can't believe the cliff this SP has jumped off over the last few months. I know revenue has been in steady decline over the last few years and traditionally big clients are spending less but seriously, the way it has been dumped is like it has been diagnosed with a terminal condition.
    There's still a lot I like here. No debt, Tenix dispute settled and long forgotten, large workforce which could be restructured if absolutely needed, revenue forecast to increase, buyback continuing, small number of shares on issue, repositioning company into a better position in an expanding industry and a great record of paying fully franked generous dividends.
    Perhaps something is going on that I don't know about, but I don't think the SP is a fair representation of this company and the selling is way overdone. I'd be very surprised to see it slide below a dollar, but, I'm surprised to see it where it is today.
    Cheers
    GLB
 
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