OTOC and Coffey | 2 Industrials on the Move
Glennon Capital
ASX:GC1, ASX:CMI
We first mentioned OTOC (ASX:OTC) back in July (VIEW LINK) at $0.11. They released their September quarter earnings update on Wednesday. EBITDA for Q1 2016 came in at $3.7m, demonstrating OTOC's strengthening underlying earnings. Their outlook is favourable with a ~$30m order book already secured, which equates to 75% of budgeted revenue. Organic growth and acquisitions in OTOC's national surveying strategy represents the next big milestone. We were also happy with the bid for the specialist professional services consultancy firm Coffey International Limited (ASX:COF). In a cash per share takeover, Tetra Tech valued COF at $0.425, which is a 129% premium to its last price of $0.185.
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Glennon Capital was founded in 2008 by Michael Glennon. Previously, Michael worked with some of the best institutional small company fund managers in Australia. In 2007, he received the IMCA Money Management Fund Manager of the Year (Small Cap) Award. Michael founded Glennon Capital to offer specialist small company investment management to high net worth individuals and family offices, as well as through selective platforms for clients with less than $1 million to invest in our portfolios.
Today, our flagship fund Glennon Small Companies Limited (GC1) opens up the investment opportunity for all. GC1’s Initial Public Offering was completed in August 2015 and is now a listed investment company that is traded on the Australian Stock Exchange (ASX).
We are proud to be recognised for co-investing with clients in all portfolios – an important feature which ensures that our values and principles are aligned with those of our clients.
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Glennon Capital
Fund Manager
ASX:GC1, ASX:CMI
Glennon Capital was founded in 2008 by Michael Glennon. Previously, Michael worked with some of the best institutional small company fund managers in Australia. In 2007, he received the IMCA Money Management Fund Manager of the Year (Small Cap)...
Expertise
No areas of expertise
Glennon Capital
Fund Manager
ASX:GC1, ASX:CMI
Glennon Capital was founded in 2008 by Michael Glennon. Previously, Michael worked with some of the best institutional small company fund managers in Australia. In 2007, he received the IMCA Money Management Fund Manager of the Year (Small Cap)...
Expertise
No areas of expertise
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