||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Octagonal Share Discussion Threads
Showing 6276 to 6300 of 6300 messages
|Yes the Inspirit connection and the dual roles the CEO and the FD have is keeping a lid on the share price Looks dodgy to me now.For that reason I am out.|
|It is difficult for shareholders to know whether they keeping seperate the Inspirit.
I think John Gunn is not wise in re Inspirit, which I always wonder how it will work and have profit.
I wish OCT sell all Inspirit, or written off.|
|John Gunn bought 4million shares in Inspirit in September. The company is supposed to break even 2017/18. They raised cash through there own shares before that. I think they would like to keep separate companies.|
|nurdin + bobby.ifa - you may be right but the article implies that Inspirit maybe running out of cash and that John Gunn's 52% stake (& conflict of interests) allows him to either fund any shortfall from OCT or to potentially do a placing. Rightly or wrongly I decided to move back onto the sidelines until I understand it better.|
|Besides their investment in Inspirit is pretty low, as I understand it.|
|Inspirit is old news & was up 15% today.|
|Just found this article which is 4 days old and may account for some of the selling - hxxp://www.shareprophets.com/views/24679/octagonal-a-nice-core-business-in-gis-hindered-by-conflicts-of-interest-and-duff-legacy-investments-the-inspirit-dog-with-fleas|
|Don't worry FFF, I think the MMs are just trying to generate a bit of business, and maybe pick up some shares they sold higher... hang on a few days IMO... no advice intended of course!|
|This is a f-u-c-k share for me. Every time I bought (10% up), it drops like a stone. Today -9.9%
When will they commit a tiny divi?|
|ramridge...GIS are definitely 100% owned by OCT and are responsible for revenue and profit generation for the group.OCT carry only the admin and some other costs which should appear in the consolidated accounts.
I have used the cost estimates suggested by Shanklin above which look realistic.Hence the difference in our numbers.|
|nurdin - my analysis is close to yours.
- The trading update confirms that net profit in H1 was £1.14m. Assuming no further growth in H2, that gives £2.28m for the full year.
- there are 560m issued shares, so that give eps = 0.4p approx
- PE on current price of 2.2 becomes 5.4
- assuming a conservative PE of 10 for this stock, the implied fair price is 4p
The biggest assumption is that GIS basically *is* OCT. I have checked the numbers given in the update against last year's accounts, I am reasonably confident that OCT's 100% GIS subsidiary represents nearly all revenues, profits, etc.
All IMO and please DYOR|
|Currently on hols & delighted when I logged in here as this is a top 10 holding for me. Would just like to say hats off to you guys for making this such a helpful and well informed board. Sorry old handle - should be martinthebrave.|
|Shanklin....your guesstimates in post 843 look pretty good to me and forms a good basis for having a stab at the year end outcome.
Given that H2 is expected to be better than H1 then I would suggest that full year PBT of £2m+ looks entirely possible. Assuming £2m and no tax, eps work out at around 0.36p which translates to a pe at the curent price of just 5.7x.This ignores the cash on the balance sheet and any additional revenues they might generate from the introduction of new trading services during the course of the year..
That looks woefully cheap to me!|
|They've got an extended bar, in price monitoring extension mode.|
|Nearly 20% of free float shares traded in one day that's quite a busy day and closing very strong MM off to champagne bar they must of had a record profit day the scalping they managed today money for old rope with big orders both sides|
|Yes I'm sure they new how good the results were looking on revenue|
|Hm, 14th of September & 31st of August. Hope they're not in breach of any rules as it seems so recent.|
|Directors must have bought in close to the closed period.|
|Might see more director buys after those set of results as will be out of close period Someone has been buying shed loads today|
|2.11 to sell strong finish as seller seems to have left the building|
|Those Directors who bought in at 1.7p or so knew a thing or two!|
|The 2nd half of the year is normally a lot better than the first half. Due to reduced volume over the summer (2nd Qtr).|
|Well looks like finally the rump of what must have been a huge sell order is finished may be move up to close|
|FWIW, I can only see today's TS making sense if all the operational stuff is going on in GIS and all the costs associated with being a grown-up company listed on AIM, but nothing else, is being done at a corporate level in OCT. On top of that, it has been flagged that there will be at least one non-cash writedown associated with investments formerly held by GIS but now seemingly held in OCT?
So, IMHO, we have an operating profit of £1.14m for H1 in GIS from which we will need to subtract something for:
- Nomad, Broker and RNSes
- Board costs for those members not employed by GIS.
Guesses welcome on that front?
As a complete punt, I am going to suggest £40k/month, mainly because that means an overall H1 PBT of £900k for OCT as a whole, before the non-cash exceptionals. We could extrapolate this to £1.8m PBT /annum before non-cash exceptionals... ...who knows?
I presume this will fairly quickly make a dent in OCT's negative retained earnings of (£2.56m)
With cash in the business of £2.6m, OCT seems pretty cheap to me even if we were to take a full tax charge on the £1.8m and I would like to think that the negative retained earnings mean OCT has historic losses to net off before it starts paying much/any corporation tax.
Obviously all a bit of a guestimate and not intended as advice.
I wonder how GIS H2 will compare with H1.