Just bought up a chart that dates back to June 2000 when OKN listed.
Through the ugliest of times during the dot com crash, Oakton bottomed out at 79c.
Good management and strong growth saw dividends payable every year since 2001 the lowest of which was 3.4c and the highest was last year at a very tastey 23c.
On the back of that success the share price grew to $6.79.
This year they announce that profit...yes profit, would be lower than forecast.
How did that effect the share price?
A drop to 54c.
Summary;
Listed $1.05
Dot com crash 79c
Highest share price $6.79
Highest dividend 23c
Profit downgrade and subsequent share price 54c.
Make sense?....No, I didnt think so either.
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