OKN 0.00% $1.90 oakton limited

Great announcement

  1. 404 Posts.
    Did every one miss todays announaement by Oakton.

    Buying Tier Technologies Australia arm for a song. I have worked with Teir IT project Managers, and they are good and well respected in the industry.

    Oakon will pickup 140 staff, nearly doubling their current size. This should nearly double revenue, double profits and more importantly, increase the dividend yeild. They will also greatly expand in NSW, where they have lacked any sort of presence.

    Shares are held very close. Check the charts and yoiu will find share price has been stable over the last two years of the tech wreck.

    I do not hold, but the misses has some options. Also works for them, and is very happy there, I might add.

    Al Baby
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