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OGLESBY & BUTLER

  • 15-07-2010 8:03am
    #1
    Comordha
    Closed Accounts Posts: 562 ✭✭✭


    Anybody know what is going on with this company? Share price was .09 earlier this year and now €0.37 :eek:


Comments

  • #2
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    I am annoyed with myself on this one.

    I first looked at Oglesby and Butler about this time last year and thought it stood a good chance of going out of business, so I didn't bother tracking it. This was a huge mistake.

    Management issued a statement is February stating that revenues were up sharply - http://www.ise.ie/app/announcementDetails.asp?ID=10378696

    The market completely ignored this extremely significant bit of news. Then in the run up to results which were announced last week, volume picked up and the price rose.

    It's now trading at a PE of just under 6 and P/Cash flow of 4. I don't know how sustainable the revenues are, but the stock still looks cheap, especially considering they've been able to grow revenues in this crappy business environment.


  • #3
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    Now €0.45 :eek::confused:


  • #4
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    Now €0.50 :eek: :confused::confused:


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