I agree with most of your post. Of course we all have to pick and choose which posts we believe, dis-believe or straight out ignore. Research on patents approved or speculation on new products don't bring in the revenue. Revenue is key to the share price - either actual or forecast - but we are not seeing much of either.
When asked why the share price has been going down, the Directors can't really say: "Well, we really don't know why it was so high in the first place."
This is the problem with OBJ..... The revenue is commercial-in-confidence and there have been no real forecasts. With the exception of "cashflow breakeven in Q1 2018", I am not sure about any other forecast. Way too many unknowns - royalty rate, unknown.... volumes, unknown.... future products, unknown. A lot of flashes of promise, but nothing you can pinpoint with any certainty. But what about P&G, you ask? Well, there is absolutely nothing stopping them from quietly resigning the wand to the scrapheap.
I was hoping and wishing for more from OBJ. But given the dismal royalty payments received, it is clear that a substantial amount of P&G products have to be sold to reach A$20m in one year. Given the evidence, I don't believe that this can be reached before FY19. What about the other products like BodyGuard, cleaning, etc? Well, given the slowww progress of P&G, any dreaming about revenue from these is just too far down the line.
Until OBJ gets A$2m each quarter in recurring revenue, there is nothing here supporting the share price. (and even then, they need more than double this each quarter) That is a lot of face masks and wands, but everyone has no idea on volumes, etc.
I really want to be wrong. But the facts are telling me that I am not wrong. Yes, I have moved my money into places where I am more comfortable in my investment.
(For full disclosure, I sold the balance of my shares last week. They were not an immaterial amount of the days volume. I am glad I am out. I wish the best of luck to the holders and I will keep one eye on OBJ looking for when the revenue actually comes.)
- Forums
- ASX - By Stock
- Every thing is fine
I agree with most of your post. Of course we all have to pick...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
Add WFL (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.478M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
WFL (ASX) Chart |
Day chart unavailable