This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

ODA - Orcoda Limited

Jump to new
Re: SMA smarttrans looks good for a punt


Welcome to the forum Sandologist, it seems like you have some information overload going on at present. Good luck with that.
I have a few dollars on this one (probably more that I am really comfortable with), but I treat it as seriously speculative. I was interested in the development but until recently have been suffering quite a loss. I am a casual investor and had been attracted to this stock and interested in its progress, the most recent news has shown more promise and hope the price growth is more than day trades ramping the stock, which is probably easy to determine but beyond me at present.
SMA appear to be growing in revenue, but I had seen this before. Good thing is this appears to have been kicking around for 5 years now (reading earlier in the thread - MoU with China Mobile), so maybe the whole process/business is steadily maturing to a viable business. Lots of shares listed is a negative.

lets see what happens in the next few days. Good Luck.
 
Re: SMA smarttrans looks good for a punt




Thanks for the feedback jbocker, up again today on more good news. let's hope it keeps going.
Yes they have a lot of shares out, one thing I'm not sure I understand is a consolidation.
I get that they shrink there share numbers say 5-1 or something but what does this mean for shareholder price and is there any warning.

Cheers,
 
Re: SMA smarttrans looks good for a punt


YES the news is good today.
I cannot say for certain of the practice of consolidation, but a couple I have seen, have been 10shares down to 1 and the price raised accordingly. However afterwards the price dropped further, as the shares were on a down trend and were given more latitude to fall. (WHN was the last I experienced).
There is warning in those I experienced, but not sure if it is mandatory, I would be surprised if it were done without shareholders being informed.
I would be interested in knowing how many consolidations have had a positive effect on improving/raising the share price trend. Those with small holdings may be left with very small holdings which are costly to be rid of, on a per share basis. I experienced this with a merger and consolidation leaving me with 86 shares; the history was I held 270 Zinnifex shares at $10 each. they merged to form Oz Minerals giving me 862 shares these were later consolidated leaving me 86 shares which today are approx. $4.60 each.
 
Nice update report today, has given the share price a nice 29+% increase.
The news looks good for the future, so far this year (in 4 months) they have nearly doubled their total 2014 profit. They indicate that will be moving into more Provinces in China and have new initiatives which they hope to announce shortly. Good to read 35% of Aprils revenue was from recurring subscriptions at minimal cost to the company, I hope that increases and becomes sustainable source of income.

I hold and am now back in the black.
 
Is anyone else following this company?

SMA is becoming more exciting. Announced today, now has launched billing for new lottery offering in a major direct carrier billing expansion, into China’s Hainan province. The growing lotteries in China is said to have been A$77billion in 2014.
https://content.markitcdn.com/resea...BVVBPSUYiLCJmaWQiOm51bGwsImR0IjpudWxsfQ==.pdf

The dollars are rolling in, to expectation (2.72M last quarter).
Still expanding into new provinces.
Mark Vaile (former deputy Prime Minister and former leader of the National Party) has recently appointed as non executive Chairman.

Holding.
 
On August 22nd, 2018, SmartTrans Holdings Limited (SMA) changed its name and ASX code to Orcoda Limited (ODA).
 
You must log in or register to reply here.

Similar threads

COD - Cossack Energy
Replies
17
Views
10K
springhill
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...