Q: Hi Peter, Can I get your thoughts on OLY financials. Can you comment on Share Capital Table and holdiings. Also is it a buy?
Thank you for great service.
Thank you for great service.
5i Research Answer:
There are no estimates for OLY. 3Q Revenue rose 35% to $25.4M; Net earnings rose 56% to $6.2M. Service revenue fell 3%. Trust, interest and other income rose more than 100%. Diluted earnings per share rose 56%. As usual there was no real commentary on the numbers, but with the 33% dividend increase in August, good momentum and low valuation (9X earnings) it is pretty hard to argue against the solid growth reported here.