Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • OTOC Limited Is A Share On A Tear 0 comments
    Aug 5, 2013 10:20 PM

    Resources and infrastructure services provider OTOC Limited's (ASX: OTC) shares have continued to rally since winning several new contracts recently.

    OTC closed yesterday at $0.072, which is a 64% gain since late May, with the share price rise spurred on in late July following the company's wholly owned subsidiary Whelans Australia being awarded contracts totalling $4.3 million.

    SKM has contracted Whelans to provide survey services worth $3.8 million for Rio Tinto's (ASX: RIO) Expansion Project at Cape Lambert Port B Project with works to commence immediately.

    The $0.5 million aerial acquisition works involve capturing aerial imagery throughout Western Australia for LandGate as part of their State Land Information Capture (OTC:SLIC) Program for 2013/14.

    Other recent OTC deals include the company expanding its Facilities Division with the acquisition of the remaining 50% of a 700 person commercial kitchen/diner facility in the Pilbara for $2 million.

    The kitchen's EBITDA contribution is forecast at $1.5 million for the financial year ending 30 June 2014.

    Earlier in the year OTC was awarded a $28.7 million contract for the Nauru Processing Centre, providing the company with a gateway into the government construction sector - while diversifying its earnings.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.