1pm Share Discussion Threads

[owenski] 11/12/2014 21:16

M,cap is back to 20m, it was that at one point before the fund raise, and now it has an extra c4m to invest in the business.

[owenski] 11/12/2014 21:14

bought some on that dip

[shanklin] 11/12/2014 07:57

Yes, bearing in mind that OPM have previously tended to beat forecasts, PBT and EPS for 2014 (A), 2015 (E) and 2016 (E), with the estimates from WH Ireland, are as follows:

PBT £1.35m, £1.3m, £2m
EPS 2.55p, 3p, 4.4p

with the current year being second-half weighted.

[wjccghcc] 11/12/2014 07:39

As they said at the time of the placing, they're investing in increasing staff/systems etc. so PBT forecast to be down a bit this year and EPS 15% lower due to dilution, with a big pickup in both next year as the investments start paying off.

[owenski] 11/12/2014 07:22

Dont know, but they raised cash through dilution so EPS will take a hit

[pyemckay] 11/12/2014 00:42

broker forecasts on digital look showing 15% decline in EPS for ye2015. Is this accurate or has someone a broker forecast that is more realistic.

[shanklin] 10/12/2014 13:55

Selling today at 5% below the 61p placing price.

[shanklin] 17/10/2014 14:47

Looks like the placing went pretty well with 80% of the open offer shares having been acquired.

[davidosh] 11/10/2014 12:08

Just a reminder that 1pm will be at mello2014 on the Thursday and Friday and presenting there too. www.mello2014.com
There will be over fifty companies there in total and a Dragons Den event for the attendees to watch and participate on the Thursday evening.

[shanklin] 11/10/2014 09:55

FRENCHFRY

Yes, as somebody who has less than 100k shares, its now possible for me to buy in the market what I want, not to be overly diluted by all the new shares, and to pay less than the open offer price. That's fine by me.

However, anybody who has a significant position in OPM, wants to add to it in a decent size and hasn't got them in the rights issue, which I understand left many scaled back considerably, has only one real option... ...to get them through the open offer... ...even if they hoover up what's currently available at a slightly lower proce

So, yes the price drop is good for those with a relatively low number of shares but its of minimal help to anybody with a larger holding, who wants to add more.

IIRC, the last OPM placing at circa 25p was at a discount to the then SP, and the share price has not done too badly since then. I am hoping for more of the same.

Cheers, Martin

[maddox] 10/10/2014 16:21

Frenchfry,

Hardly a rip-off, the market is down accross the board. Anyone who didn't get what they wanted in the Open Offer should take advantage of this dip and get in below the Financial Institutions. So - more a bargain I'd say.

Looking forward to meeting them in Derby at Mellow2014.

Regards, Maddox

[shanklin] 10/10/2014 12:27

Just bought a few at 58.85p. Seemed rude not to.

[davidosh] 28/9/2014 14:11

Just to let you all know that the directors at 1pm will be at Mello2014 in Derby for all three days of the event

I hope some of you will be able to join us from 6th to the 8th November as the list of Keynote speakers is also top quality and OPM will be doing a presentation ? If any fellow shareholders would like half price tickets and have been to a Mello event before then just email me and I will give you the discount code

[owenski] 28/9/2014 11:40

even though the PI entitlement is miserly, they usually raise funds without any PI involvement, often through Hendersons, so, on balance, this is good.

Interesting to note they are now looking to start a progressive dividend policy.

PEG ratio below 1 at circa 0.5, that would rate this as a buy on value/growth perspective especially if they now start delivering a div. in current FY.

Personally I was wondering when the next working funds raise was going to occur and was expecting something that would underpin the forward growth strategy.

Illiquid share but a lot to like here.

[willydoctor] 25/9/2014 16:00

No - you're right Jamie. Just having a moment of grumpaciouness - and since the share price has come down I can load up at near enough the placing price.
I'm just a bit surprised that they went down the line of a placing since they have raised money in the market before, and I so think that for a company with such a strong performance the discount was excessive. I've seen enough placings in the past at more or less current SP, even at a premium!
Oh well - they will come good...
Best wishes,

WD

[jamielein] 22/9/2014 10:12

I think that's slightly unfair on the company, as doing any open offer at all automatically makes them a lot better than some of the other AIM companies. However I'd agree I would have preferred a much larger open offer.

They probably wanted to guarantee that they'd receive at least £3m, which is why they did the placing for that amount. There would have been a big risk in announcing an open offer (not underwritten) for the full amount.

I think the discount was a little large but not too excessive.

Remember that these institutions are completely locked in, as they won't be able to sell without decimating the share price. I think they must believe in the company's growth prospects and that the share price will be significantly higher in the next few years, or they wouldn't take that risk.

[willydoctor] 22/9/2014 09:44

As usual - the institutional investors and company grandees get their snouts in the trough at shareholders expense. Plus ca change. And we get... 1 share for every 18 we own. Oh - how very generous. It is ever the same - AIM is the most effective mechanism known to man whereby money is stolen from PIs and transferred to extremely rich insiders, to make them even more rich. Why not an open placing? Because that way the big boys are not able to stack things in their favour (to the tune of just under 95%).

[jamielein] 22/9/2014 07:52

Figures good but placing at 61p will have a negative impact. Would imagine there's some support at 61p since the placing was oversubscribed.

[willydoctor] 17/9/2014 07:30

Figures out Sept 22nd I believe - so I hope we will see renewed interest thereafter. The stock is so illiquid that only a little buying is likely to chase up the SP

[owenski] 21/8/2014 08:48

item on lending to SME's on radio 4 this morning, banks still lagging when it comes to small business loans and there is a big demand for the OPM and similar types of lending. Markets still looks very attractive here.

[willydoctor] 15/8/2014 11:30

Figures out in September from memory. As always will be good, only question is whether they beat expectations and give glowing forward guidance. Hope so!

[jamielein] 08/8/2014 12:34

I don't understand market makers at all...there's been quite a lot of selling today at below 66p, yet there's no quote available to buy any online at the offer price of 66p. It doesn't really make any sense. I thought they were supposed to balance their books.