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OPN Ibs Open

187.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ibs Open LSE:OPN London Ordinary Share GB00B06HS226 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 187.50 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 0 187.50 GBX

Ibs Opensystems (OPN) Latest News

Real-Time news about Ibs Open (London Stock Exchange): 0 recent articles

Ibs Opensystems (OPN) Discussions and Chat

Ibs Opensystems Forums and Chat

Date Time Title Posts
25/4/200809:26IBS open systems70

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Ibs Opensystems (OPN) Most Recent Trades

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Ibs Opensystems (OPN) Top Chat Posts

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Posted at 20/1/2008 12:19 by cowyed
New Chief Exec clearing the deck. Expect results substantially below forecasts. If they were going to just miss, then I bet there is enough slack in there to cover the gap. So I would expect a full clear out now - some more senior management going and 'new' share options granted at around current pricing with more or less guaranteed up side. Buy after results.
Posted at 19/2/2007 07:39 by trader2
AFX Outlook THURSDAY FEB 22
Year to Dec 2006 pre-tax profits and earnings per share at IBS OPENSystems
PLC will be ahead of all formal stockmarket expectations, the software solutions
provider said in Jan.
The results have been partly driven by increased margins and a favourable
product mix, but will also reflect the core strategy of targeting market share
gains in both Local Government and Social Housing sectors, together with the
sales success of the additional solutions, IBS OPENQuery, IBS OPENMobile and the
newly-launched IBS OPENExec solution.
Altium's Jonathan Imlah has pencilled in pretax profits of 6.4 mln stg, up
from 5.7 mln, for EPS 11.2 pence against 9.9. He expects the total payout to
rise to 2.3 pence from 1.5.
Posted at 03/10/2006 17:23 by tole
03-Oct-06 IBS Opensystems OPN Altium Capital Add 188.50p - - Reiteration
Posted at 02/5/2006 15:26 by trader2
Big X trade just posted. Wonder if it precedes some price action?? or is it to do with it being XD tomorrow?
Posted at 28/4/2006 10:05 by tole
Yes XD next wednesday - maiden dividend 1.5p

See Altium gave an update at the time of AGM and as per previous post - it seems they have kept forecasts unchanged sofar - since it is currently at the early stage of the year, though they highlight confidence in their forecasts for the year - and therefore gives the chances of upgrades to come imo.

"The company reports that, supported by market share gains in both of its
key markets [housing and revenues & benefits], trading in the three months to 31
March has been very positive and ahead of internal management expectations. As a
result, management remains confident of continuing growth in FY 2006E."

Revenue growth 14% and margins at 29%

Altium reiterate BUY - based on the stocks valuation and possible takeout target. Stick with current price target of 195p.

Unsure if NUMIS have given an update since the AGM - but they last had an ADD recommendation at circa 190 taget where they stated the valuation continued to look attractive.. But did note that in their last note they did state that they will look to review their forecasts further as they moved through the year.
Posted at 25/4/2006 14:01 by tole
Yep agree off the radar from the masses at the moment but only takes a tip to change all that. (The one thing that had been lacking here)

Personally feel that trading is gonna be substantially ahead come the interims going by the contracts they seem to be pulling in. Reckon there is lots of potential to come from their new products which were recently launched. Note the last sentance imo

Off their recent results

"A number of new software solutions have been developed and launched during the
latter part of the year, which have opened up new markets for the Company and
produced additional revenue streams. These include OPENQuery, OPENMobile and
Workflow, all of which have been well received by both new and existing
customers with over 50 orders taken in the latter part of the year. These
solutions can be used in both the Local Government and Social Housing markets
and are not limited to just IBS OPENSystem's sites. Orders to date only
represent a small percentage of the possible future market potential."


Also still trading cum-divi.

"The Board has considered its dividend policy and is recommending a final
dividend of 1.5p per ordinary share. This dividend, if approved, will be paid on
1st June 2006 to shareholders on the register at the close of business on 5th
May 2006."
Posted at 25/4/2006 13:45 by glasshalfull
As you say, maybe too early in the year to upgrade the price target.

Only thing that makes me hesitate is the illiquidity in this one, similar to TSE in respect that the trading volume simply isn't there.

Noticed that the majority of trades appear to be rollovers and felt that the trading update should have generated more interest.
Seems to be off the radar to the wider market.

Good company though.

Watching at the moment.


Regards
GHF
Posted at 25/4/2006 13:35 by tole
Yes quite suprised myself - might add a few more too. Regards Altium, dont think they've upgraded as yet - maybe a bit early in the year for them...but advantage is it leaves room for upgrades later in the year... still close to 20% upside in the price to a target of circa 200p

Looking ahead must be trading at circa 13x 2007E and must appeal as an attractive asset in a consolidating sector.
Posted at 25/4/2006 09:48 by tole
Numis has a buy rating for IBS Opensystem.

IBS Opensystems OPN 25-Apr Altium Capital Buy 176.50p 195.00p - Reiteration
Posted at 25/2/2006 14:27 by tole
Well thats the first upgrade after the results - plenty of upside to come :)
Still waiting to find out if I can get a copy of the broker note.



IBS Opensystems OPN

Date - 23rd Feb
Broker - Altium Capital

Recommendation - Buy
Share Price - 166.50p
Old Price Target - 180.00p
New Price Target - 195.00p
Broker Change - Upgrade


Also noticed it got a mention in the TimesOnline stating the upgrade -

Altium raised IBS Open Systems to "buy" from "add"
Ibs Opensystems share price data is direct from the London Stock Exchange

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