Obtala Resources Share Discussion Threads

[michaelfenton] 25/5/2017 09:36

JakNife.

You maybe right about June results but this is a longterm business - you cannot grow quickly but making progress is what we require and I for one believe that this will grow into a substantial and sustainable business which is all we can ask.

[jack jebb] 25/5/2017 07:51

Jak

You look back if you want to. I am looking forward.

[jack jebb] 24/5/2017 20:36

Worth a few minutes of your time.

[maccamcd] 24/5/2017 19:31

Any dude who denigrates the new OBT obviously hasn't met Miles and heard his story, ambition and more importantly, checked out his integrity.If you have previous issues, fair enough. But take time to hear the vision.I'm a new holder. Met Miles, like him and journey potential. Bought 2m.Good luck to the bears!

[jack jebb] 24/5/2017 19:06

Do you post your in depth analysis on other shares too?

[maccamcd] 24/5/2017 11:17

from VSA

In recent months OBT has been expanding its own timber marketing operations and growing its sales team in anticipation of the commissioning of its own large-scale sawmill in Mozambique in H2 2017. This deal significantly accelerates that process, providing OBT with an established global trading operation for its existing hardwood operation in Mozambique, enabling it to gain greater access to international markets. In FY 2015, WBI sold wood into more than 40 separate countries and importantly, the two founders have agreed to stay with the business for a minimum of five years following this transaction.
Recommendation and Target Price

We maintain our BUY recommendation but increase our target price to 36p (from 28p) as a result of this transaction (with the assumption that the due diligence period completes successfully).

[jack jebb] 24/5/2017 11:12

Good point remark. No one buys wood, or buys food. Thanks for your help.

[michaelfenton] 24/5/2017 10:10

Well said JJ.

[jack jebb] 24/5/2017 09:42

This acquisition looks very smart. Obtala have always had the wood, but the infrastructure needed to chop it, cut it, treat it, transport it and sell it was always a difficulty.

That has changed with one fell swoop.

This is going to be a seriously large company in the months and years to come.

[pecuniarum copia] 24/5/2017 09:26

BMD,

love some of those comments about "shyster" Co's. Any current view on SRON? Post reply on SRON thread.

PC

[daniel levi bmd] 24/5/2017 09:12

Come on watch this video. It's good, do I look like Bruce Willis?

You can make your witty comments.

All welcome.




Dan
x

[maccamcd] 24/5/2017 07:10

Acquisition.. How earnings enhancing is this?