OCL a quality company with good outlook and plenty of cash to help last through troubled times.
I would expect revenues for OCL to hold up reasonably well given that they are mostly Governement clients and recurring payments.
The recent decline in share price is a rare chance to buy.
Revenue growth may be reduced for a while but once the impact of Coronavirus are behind should continue.
Adding it to my scorecard today. It could still go lower but I am confident that the company willl survive and do well in the long term
Objective Corp has acquired Australian 'RegTech' business iTree for $18.5m, or about 1.3x FY21 sales. It's customers include the Dept. of Home Affairs, Queensland Rail and Worksafe Tasmania.
iTrees products will be integrated into Objective's Content Solutions suite, and Objective will market these solutions to a wider market opportunity.
Objective has a great track record of making sensible bolt-on acquisitions, and this appears no different.
iTree is profitable and like Objective fully expenses R&D costs. The acquisition will be cashflow positive, EPS accretive and will be funded from existing cash reserves.
ASX announcement here
Objective Corp Starts A Run
Which Will Surely Be Fun
An Index It Could Enter Some Day Soon
Which Might Send The Share Price To The Moon!
--- click on the link above for the full report --- [I don't hold this stock]
--- click on link above for the rest of their report ---
Disclosure: I don't hold OCL shares currently, but they're on my watchlist.