OTOC (ASX:OTC) – Growing Organically and Acquisitively

Dean Fergie

Cyan Investment Management

OTC has been acquiring and consolidating professional surveying, Urban Design and Town Planning businesses for the past couple of years and has recently begun enjoying the results, with underlying profitability rising 3-fold in the past financial year to over $16m.  With 3 upgrades already announced this calendar year, the strong result was hardly a surprise to investors. However with a market cap now almost touching the magical $100m, this business is becoming a bright blip on the radars of larger investors.  Forward revenues are likely to be stable with numerous government contracts and ongoing synergies from recent and new acquisitions will help drive earnings. With net cash of more than $13m OTC is almost a certainty to release more news with respect to bolt-on businesses.


Dean Fergie
Director & Portfolio Manager
Cyan Investment Management

Dean has over 25 years experience in the funds management industry covering all major asset classes. He holds as Master of Applied Finance and is a Graduate of the Australian Institute of Company Directors.

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