WFL 0.00% 6.2¢ wellfully limited

Objectif - improving results

  1. 2,070 Posts.
    Some Tech stocks in my view have tremendous upside. Like Looksmart when it started to turn around, OBJ has potential to break out of loss into profit by Q2 or Q3.

    This stock is so cheap that if they continue just running the business it will go up, yet they are on a steady improvement trajectory. Their competitors like OTT are falling like flies.

    This is one that could pay off bigtime if the current progress is sustained, IMHO.

    This is from the Q1 announcement:-


    HOMEX - Sydney

    Issued Tuesday 23 April, 2002

    Net Operating Cash Flow, for the quarter ending March 31, 2002, was $229,000. Cash receipts in the normal course of business for the period totalled $2.210 million; representing a 78% increase on the
    previous quarter. Cash reserves at the end of the quarter totalled $1.153 million, an increase of $129,000.

    In its previous Quarterly Report for Entities, for the quarter ending 31 December 2001, the Company had stated to the market that it regarded its cash flow position for that quarter as abnormal following the delayed completion of significant contracts. At that
    time the Company forecast a cash flow position for the March 2002 Quarterly Report in line with the actual results.

    Positive earnings, based on EBITDA results, were generated for the quarter ending March 31, 2002 and totalled $246,969. This result reflected revenue generation of $1.9 million for the quarter.

    The company said the results for the quarter reinforced the success of its strategy to achieve an early return to the generation of positive cash flow and profitability. Objectif continues to operate
    free of debt and remains focused on maximising shareholder value and maintaining positive financial outcomes for the company.

    Equally, Objectif continues to focus on its business goals as outlined in the Company's 1999 Prospectus. Today's results announcement coincides with the successful introduction of the Keystone Network Inventory and Asset Management product into
    production testing with Net2Phone, one of the largest global VOIP carriers, and with the introduction to production of the Keystone Freephone product at RSL COM Australia.

    In addition, Objectif recently announced a further contract under its decade-long relationship with Optus Communications.

    Objectif Telecommunications' Chief Executive Officer, Jeff Mills, stated his confidence that Objectif will continue this positive momentum and show further increases in profitability. Despite adverse
    market conditions, the Company has continued to realize strong sales growth, has trebled its customer base, and was now seeing an increasing number of opportunities in the OSS marketplace - in Australia, Europe, Asia and North America.
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