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OPD Opd Group

38.25
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Opd Group LSE:OPD London Ordinary Share GB0007053944 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 38.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 38.25 GBX

Opd (OPD) Latest News

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Opd (OPD) Discussions and Chat

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Date Time Title Posts
10/1/201115:18OPD Group - used to be PSD before merger414

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Opd (OPD) Most Recent Trades

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Opd (OPD) Top Chat Posts

Top Posts
Posted at 10/1/2011 15:18 by jeffian
Trading updates today from Michael Page (gross profit up 30%+) and Hydrogen (net fee income up 60%+). Yep, OPD management sure picked the bottom of the cycle to mug their minority shareholders. How long before they re-float, do you think, to line their pockets again and draw in another load of mug punters? Prime People. OPD. 3rd time lucky (again?). Why change a winning formula? Investors would be wise to memorise the names of those involved and steer well clear in the future IMHO.
Posted at 21/4/2010 12:58 by jeffian
Results due out sometime this month. Given the more upbeat statements recently from other recruiters, should be promising and the share price has lagged the others' recent performance. Due a catch-up?
Posted at 02/4/2010 00:11 by jeffian
Don't know the answer to the first question but I doubt that a bid is imminent. The only possible bidder would be 'Offerco' (i.e. the management) who already control the majority of the shares and they are precluded from bidding again for a year(?) unless they are prepared to go back and offer the same price to all the doughnuts who accepted 57p last time around. The current standoff is between the majority shareholders on the one hand, and Schroders and the few PI's who held out for a higher offer on the other, and will no doubt be resolved when the interests of those two sides coincide. In the meantime, the performance of the sector (Michael Page, Harvey Nash etc. etc.) indicates that we were right to hold out.
Posted at 01/4/2010 20:42 by dldl
Does anyone know why this illiquid stock has such a small spread ? Is this indicative that a bid at this price is anticipated ?
Posted at 19/12/2009 13:20 by jeffian
Even if it's a 'done deal', I intend to go along to the meeting to try to find out what is going on. I've just received the full Circular which I haven't read yet but, on the face of it, it's hard to understand where OPD are going with this. Odgers is the largest and most profitable part of the business. Without it, OPD will be a shadow of its former self and, arguably, unviable as a public company (though given that the unsuccessful bid was an attempt to take it private, perhaps that's the point!). I don't get the argument that Odgers needs to be independent to incentivise its staff - surely you could say that about any public recruitment company? I'm going to have a look through the docs to try to understand what OPD will look like if this deal goes through and would appreciate anyone else's thought on the matter.

Regards, Ian
Posted at 15/5/2009 17:19 by graniteboyo
MBO, well they'll have to raise their offer to something closer to 80p before i part with my shares.

Back of the envelope stuff and pure guesswork so feel free to shoot me down.
A deeply discounted rights issue/placing like tw.(tw. heavily indebted unlike OPD)if anything could probably see the share price rise as any insolvency issues/working capital requirements short falls would be removed, as for dilution i don't imagine it would be too severe as long as you take it up because even if it was say 2 for 1 at 25p it would raise £13m if underwritten but doubt they need anywhere near that much. 50p+25+25=100p divided by 3 = 33p. Would be 80m shares in issue but considering the share price has fallen from £4 to 50p their would be plenty of room for the share price to treble and some as the economic cycle recovers. Many other sp's have risen on news of rights issue/have removed concerns as to solvency ie inch, tpk and several property comps amongst others.

PS. Could well be a counter offer.
Posted at 17/3/2008 11:12 by apatel21
OPD results tomorrow. I'm expecting a stonkingly good set of numbers but don't expect it will do OPD share price much good for the medium term having lost out on IMP.
Posted at 21/12/2007 11:25 by nigelpm
What you have to consider in all this is the price action of the OPD share price - since its been battered its effectively costing OPD shareholders 30% more to just match their 1st offer in absolute price. IMHO if they had offered 130p-140p HYDG might not have considered offering. This would also have represented a nice premium to the then prevailing share price.
OPD share price would also have stayed firmer as the market would have rated the deal as a good one and one liklely to SUCCEED.


i.e. pure speculation on your part.

You cannot say with any confidence that OPD's share price has fallen because of the reasons you state above.

If OPD now come back at 125p with a large cash chunk it's likely to succeed in current conditions and they'll have picked IMP up cheaply. Simple as that.
Posted at 21/12/2007 11:22 by apatel21
No they didn't - that was the MBO bid @ 210p

Things have moved on since OPD first became interested in IMP. You may want to see the share price of Michael Page and any other recruiter over the time since they became interested in July. ALL recruiters have been revalued down because of the change in economic outlook. It would no longer be a bargain if they paid more than 140p IMHO. 150p is probably about fair price.

What you have to consider in all this is the price action of the OPD share price - since its been battered its effectively costing OPD shareholders 30% more to just match their 1st offer in absolute price. IMHO if they had offered 130p-140p HYDG might not have considered offering. This would also have represented a nice premium to the then prevailing share price.
OPD share price would also have stayed firmer as the market would have rated the deal as a good one and one liklely to SUCCEED.
Posted at 29/11/2007 16:32 by apatel21
OPD share price continues to slide with 07 PE forecast now 5.68 and 08 now 4.84. I would be tempted by the fundamentals but the OPD management have shown themselves to be totally incompetant in their handling of their takeover of IMP, which i feel almost certain they will not get.
Opd share price data is direct from the London Stock Exchange

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