Ceasing coverage on Oakton

Oakton slipped onto our coverage list in IT Services under a cloud – Part 2 on 5 Jun 14 (Hold – $1.31), but we couldn’t quite bring ourselves to make it a Buy. Pity that because, following a recommended takeover proposal from NTT-owned Dimension Data Australia, the stock has soared 45%. The bid makes today’s full-year result somewhat redundant but, for the record, the company saw net profit fall 9% to $8.3m on revenue that slipped only 1% to $164m. Earnings per share fell 9% to 9.2 cents – slightly short of the consensus forecast for 9.6 cents –...

Oakton slipped onto our coverage list in IT Services under a cloud – Part 2 on 5 Jun 14 (Hold – $1.31), but we couldn’t quite bring ourselves to make it a Buy. Pity that because, following a recommended takeover proposal from NTT-owned Dimension Data Australia, the stock has soared 45%.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles