Oriens Travel & Hotel Management Corp. OTHM
This morning’s report is going to be on OTHM, a super sub-penny stock with an unusual amount of substance for a play trading in this price range. It’s been a little while since we looked at something in the high risk/high reward arena, and this could be just the chart we were looking for, but first let’s take a minute to familiarize ourselves with the company.
Oriens Travel & Hotel Management started out its operations in Costa Rica, and by 2008 had acquired over a dozen properties in Central America which it maintained under its Hotel PURE brand. Over the next several years, the company built that number up include more than 50 hospitality properties around the world, though the bulk are located in the US and Central America.
In 2012, Oriens established and implemented Friendly Reservation Online, a proprietary online booking and payment processing system which increased profits and efficiency across their entire portfolio.
Most recently, the company has moved to acquire a beachfront property in Jaco Beach, Costa Rica in a rapidly developing tourist area with many other development projects underway in the vicinity. While it is only in the LOI stage at this point, a 4.5% cash consideration was given by Oriens to secure the deal.The five story, forty-two unit condo/hotel building has been appraised at an average value of $400,000 per unit, so there will be a significant addition to the company’s books upon completion of the deal.
You can find the details of this and other recent happenings in the following PR’s, all released within the last ten days:
- Oriens Evaluates Property Appraisals; $400k Avg. Price per Unit (Fri, Jun 27)
- Oriens Executes LOI With Seller; Transaction Consummated With Cash Consideration (Wed, Jun 25)
- Oriens Back on Track to Establish Multi-Million Dollar Hotelier/Booking Brand (Mon, Jun 23)
Also refer to this morning’s news, which among other things, includes a Shareholder Update, and outlines the commencement of a share reduction program by the company, which is always a good thing.
- Oriens Provides Significant Updates: Share Reduction Program to Be Initiated Today; Auditor Named & More (Wed 7:59AM EDT)
As far as the OTHM chart is concerned, we feel that the potential is definitely there. Trading in the triple-zero range, we’ve seen stocks explode for huge percentage gains over just a short time period, so the potential for rapid profits is certainly there with shares purchased in the current range between .0004-.0006.
The stock traded above .0015 earlier this year, so we already know it has the ability to run. If OTHM can break resistance at .0007, the gains from current levels could be quite large.
We also took a minute to draw up a video chart on OTHM as well:
Website: www.orienscorp.com