OEC - Orbital Corporation

[rederob]

More upside since the last post:

And by my reckoning a lot more upside is ahead.
This company will now be one to watch closely for further positive announcements, as with such a small number of shares on issue, price spikes will continue to be sharp.

 

[Purple XS2]

Having reached upper $0.80's end of last month, volume has faded and so has Orbital's SP:
Ended May2020 at $0.715.

So I'm hanging on the this one for the time being. There hasn't been any news since late April; if Orbital can conjour up another interesting contract to push back towards $1.00, that would make my day(s).

Regards,
P

 

[Purple XS2]

June 2020 was a quiet month - Orbital's sp got as high as $0.86, before falling back to today's close of $0.745.
Just a matter of if & when orbie can find another contract to boost the enthusiasm.
Onwards & upwards .. sooner or later!

P

 

[rederob]

I put a conditional order on OEC for 10k shares at 70cents a fortnight ago - missed by that much!.
I should have known that as soon as anyone tipped it in the monthly tipping competition (not naming any names!) it would take off again.
Here's their latest announcement.
And here's the chart:

 

[Purple XS2]

I would have thought it would take an announcement to give Orbie's wings a lift, but no: it just happened all of itself - although defence-related stocks are flavour of the month just now.

Orbie's amazing disappearing sell-side:

Bit of a rush through the turnstiles at Friday 3rd CoB auction. Almost cleaned out the lot.

I resisted the temptation to sell any at $1.00. Looking forward to Monday's temptations.

Regards,
P

 

[rederob]

Am surprised OEC did not get a "please explain" from the stock exchange.
A 40% increase in a day without something backing it up reeks of insider knowledge leaking out!
I am not complaining, apart from missing out on a lowball buy as the price was still heading down.

 

[Dona Ferentes]

Got a write-up, for all the good reasons

https://www.theaustralian.com.au/bu...r/news-story/a3c3de1f802f295e004210b7c80dd10c


...Its April investor presentation affirmed profitable revenue between $25m and $35m for the year to June 2020, compared with $15m the previous year.

Once Perth’s biggest ASX listed company, with its shares at $50, Orbital has seen a share price rally this month from 74c to $1.46, up another 14 per cent Tuesday.

It appears the engine technology company, headed by chief executive Todd Alder, has been buoyed by the recent launch of the federal government’s 2020 defence strategic update and the recent visit by Minister for Defence Linda Reynolds to its Balcatta HQ.

 

[rederob]

Tracking for more good news:

 

[Purple XS2]

After a topsy-turvy ride over recent months, Orbital put out its 2021 full year results, and a Investor Presentation to cheer up the faithful.
Not a lot of cash-on-hand (some $3 mil) and inventory accummulation indicates slower than anticipated sales.
Recent price dip below $0.60c has retraced some little ground with last close at $0.66.

I make no claim to a deep understanding of Orbital's situation, but I allow myself to hope the bottom is in, for the time being.

I disclose a few OEC.
I also disclose an interest in the September Aussie Stock Forums tipping comp

Regards,
P

 

[rederob]

I spent all my spare cash today buying OZL, but otherwise would have had a few bob on this one:

Well and truly oversold after US got out of Afghanistan.
Will bounce back, but maybe not soon enough to win the Feb tipping comp ?.

 

[So_Cynical]

0.315 jeeez that is cheap considering the current rumour of war climate.

 

[sptrawler]

0.315 jeeez that is cheap considering the current rumour of war climate.

Maybe the renewables and electric future sentiment, has spilled over?

 

[Knobby22]

They are now going to lose money next year. where they said they were going to go into profit.
I can't work out the correct price.

 

[rederob]

Drones are supposed to be de rigueur in the Ukraine war, but orbital seems to have been spaced out.
Anyway, it's my tip for May's comp on a devent short term trend:

 

[JohnDe]

I have followed this company from the late 80's through to the late 1990's, going to demonstrations and seminars with Sarich explaining all the benefits and so on. Very interesting stuff, but there was never a 'bang' moment.

That special thing that says to you 'this is going to be big' has never really eventuated.

 

[rederob]

Dog's turn to bite?

Last high was 14 months ago at $1.21 so that's nearly 400% available to me.
On trend the realist says a closing price nearer 36 cents by July would be a good result!

 

[Dona Ferentes]

I have followed this company from the late 80's through to the late 1990's, going to demonstrations and seminars with Sarich explaining all the benefits and so on. Very interesting stuff, but there was never a 'bang' moment.

That special thing that says to you 'this is going to be big' has never really eventuated.

Now described as a drone engines supplier, Orbital Corporation has gone to the market seeking a $5 million equity injection at 20¢ a share. Funds raised would be used to for UAV engine development programs in the US and UK.

Recent investor presentation states :

• preference for heavy fuel (kerosene based) propulsion systems that provide the world’s best performing UAV engines
• Offering longer time between overhauls, quicker cold start, long endurance
• Within four years, OEC looking to capture 20% of the engine market – representing ~$60M revenue in FY27
• Market cap under $25 million

(DNH)

 

[JohnDe]

Now described as a drone engines supplier, Orbital Corporation has gone to the market seeking a $5 million equity injection at 20¢ a share. Funds raised would be used to for UAV engine development programs in the US and UK.

Recent investor presentation states :

• preference for heavy fuel (kerosene based) propulsion systems that provide the world’s best performing UAV engines
• Offering longer time between overhauls, quicker cold start, long endurance
• Within four years, OEC looking to capture 20% of the engine market – representing ~$60M revenue in FY27
• Market cap under $25 million

View attachment 149235

(DNH)

Good luck to them and investors.

 

[Purple XS2]

After some recent missteps of mine on other stocks on my watchlist, I hesitated to get excited over this one, noting a recent good news announcement: Production option exercised for further $3.5m.
Seemed promising but I sat on my hands ...

now look at it.

Market cap was only $15.5m - before today that is. On current SP it's over $21m

Lion's share of today's volume of 890k shares traded came from a single big chunk of 400k +, for $62k, at $0.15c, the day's high.
That I assume, can only have been an agreed on-market sale between 2 parties in communication with each other, but the day's SP had already hopped up in quick stages from an open of $0.105.

I'm guessing there's a few flies on walls that got in for their chop on this one.

So is it worth chasing from here?
I bought a few at $0.135 on the retrace before it closed at $0.145, we'll se how that goes.

P

 

[Captain_Chaza]

Well Done!
Crikey! I Missed Another One
Sailing the OEC -------------One Week at a Time -----------------------------&-----------------One DAY at a Time

Salute and Gods' Speed

NB: You are WELCOME to Block my Charts if that is what yo want
I Can Take Rejection!