Omega Share Discussion Threads

[azalea] 21/3/2007 07:06

16/3/07 -the IC reports a "recent placing", can someone please confirm this - when and and at what price.TIA

[oranges] 06/3/2007 15:43

Tomorrow figures should be good reading. I hope we have a scrip issue for the sake of liquidity, its a bummer trying to buy (or sell I guess)as market makers move price dramatically on any decent order. Whatever, extended facility news, client base, production and existing order book news should be positive, it follows that decent profit growth comes with it, we will see.

[oranges] 20/2/2007 15:05

I cannot see a takeover! The management team are really smart, there is tremendous scope for capital growth here, expansion from kitchens is a certainty, bedroom or office furniture is (I think) a front runner for diversification. Though organic growth from the very fragmented kitchen market has a lot of steam left in it.

[nirvs] 20/2/2007 13:30

Don't know what all yesterday's flury of trades was all about, but OME looks ready to make a similar move to the January and August 2006 moves which equalled 100pts. Picked some up this morning at 315p.

Looking good so far as this is normally a very quiet share which doesnt move much (hence the 5 month consolidation). Time will tell, but I wouldnt be surprised to see this as a potential t/o

[oranges] 19/2/2007 15:06

Interesting movement today! results out in early March, my hunch is that there will be a share split to ease liquidity! Drove pst the factory this evening, it looks complete! Obviously good weather has helped in not delaying build, it looks as though its in use!

[diogenesj] 15/1/2007 12:35

CR: have you no shame? :-)

[cockneyrebel] 15/1/2007 11:37

Well if this stock is cheap have you looked at these?



Don't want to ramp it here so just the link - hope it's of interest.

CR

[oranges] 03/1/2007 20:57

My folks have ordered a Chippendale kitchen ( part of the Omega range ) delivery is expected in 10 days, dealer says demand is exceptionally high and that delays in delivery are increasing!!

[abubryn] 02/1/2007 19:46

I have a contact who assures me they are busting a gut to keep up with demand .
I understand quality is good and results up to year end expected to be good .
I am NOT a holder so no ramp intended,but might buy a few if they continue to dip up to next results .As always dyor and keep in mind Spring ram, but a short pleasant ride upwards might be on the cards .

[diogenesj] 02/1/2007 18:31

No, except that the founders were also involved in Spring Ram, a similar business which had a rocket-like career in the 1990s (whoosh, bang, crash, bust). That does make one a bit cautious, although they may of course have learned from past mistakes.

On current forecasts this still looks good value, despite the rise since the float, and it's encouraging to hear that some people have actually had kitchens delivered and they are OK. Perhaps I'll risk buying a few.

[oranges] 28/11/2006 14:56

I am really suprised that there is not more attention on this outfit! I called in to the dealer where I puchased my kitchen earlier today. He was telling me that he was re locating to a bigger showroom/ warehouse because demand was getting out of hand and that he had to have more capacity. If this is the case and is truly representitave of the brand, business must be excellent, does anyone know anything about this outfit!

[neefax] 23/11/2006 16:07

I have just had a Chippendale kitchen fitted from the Omega PLC range, its excellent, came as a flat pack, the fitters assembled it without a hitch, all parts were there, its now fitted and I'm delighted. I guess if this kitchen is anything to go by, this must be one hell of a company.

[oranges] 07/11/2006 14:04

Just had a Omega kitchen fitted from the Sheraton range, its look great and everything was as it should be. The fitters were really impressed with the way it was packaged (no damage or scratches), it appears to be well built with no apparent problems, but most essentially, everything was there. I am very happy with it.

[oranges] 26/10/2006 21:29

I think that the terrific bonus dividend pushed the price to an artifical high! Clearly some institutional investors have waited till they were ex dividend and sold some equity. They will bounce back in the next couple of months IMHO.

[nig295] 26/10/2006 10:41

Anyone know a reason for the drop? Been away a while, never expected to see a share price fall. Is this just a rest befor the next hike or has something happened that I have missed?

[doomsday investments] 09/10/2006 08:35

Omega aims to double sales in two years as it builds market share

Investors with longish memories will recall a company called Spring Ram that made kitchens and bathrooms. It was a huge success in the 1980s with the shares rising nearly 50-fold but performed dismally in the 1990s.

Omega International, which also makes kitchens but not bathrooms, has a 'son of Spring Ram' look about it. Executive chairman and major shareholder, Bob Murray, was a co-founder of Spring Ram and chief executive, Francis Galvin, was also a key figure at the earlier company.

Business Summary
Omega International Group manufactures kitchen furniture. The company produces pre-assembled kitchen cabinets under the brand name Sheraton and ready-to-assemble cabinets under the brand names Chippendale and Omega.

Hopefully they have learned their lessons and Omega will repeat the successful part of Spring Ram's history without the 'firework-falling-back- to-earth-like-a-stick' bit. Early signs look promising.

Highly experienced management team
Omega was formed in 1998 just as Spring Ram ended its life as a quoted company. It has shown consistent growth in sales and profits since that time helped by its hugely experienced management team.

Three of the key figures in the company, Murray, Galvin and operations and production director, Newton Winfield, have over 90 years experience in the kitchen industry between them.

The company has three brands, Sheraton, which makes factory assembled kitchens for the middle and upper end of the market and two cheaper ready to assemble brands, Omega and Chippendale.

'Not sheds, not Smallbone'
Customers include John Lewis and the company has been steadily increasing the number of dealers and the number of displays at each dealer. In the last six months the group added 55 display outlets and 319 displays while launching 10 new kitchens. In total there are nearly 600 dealers with 3-4 displays each.

The company is highly efficient with one large factory at a 16.2-acre site on junction 16 of the M18 motorway near Doncaster. As a result it is able to take market share with relative ease in a fragmented market where there are 850 suppliers of whom 95 per cent have less than £5m turnover.

The company describes itself as 'not sheds, not Smallbone', aimed at affluent John Lewis-style customers who are spending between £6,000 and £20,000 and putting in their second or third kitchen.

Looking to double the business in five years
The company operates in a series of five-year plans. The latest plan, of which 2006 is year one, is to double the size of the business in five years. This looks very achievable since the group only has a three per cent share of its market. The last five-year plan was achieved ahead of target.

The business is currently trading ahead of expectations and the shares go ex an 8p special dividend on 4 October. They look timely to buy for sustained strong growth.

[omega] 05/10/2006 18:19

have a friend who installs omega kitchens and will only fit omega and the aftersales is amazing..plus everything arrives complete and undamaged....they have got it right.

[oranges] 05/10/2006 15:59

I have just ordered a new kitchen, guess which brand I have ordered!!!
Its a Sheraton, delivery scheduled 3 weeks, which suits me fine. Anyway, the dealer from whom I'm buying told me that 'since he began stocking the Omega range (since last March 06), his turnover had gone up by at least double. He admitted that a re invigorated display obviously helped, however, he also said that customers thought highly of the product and that he had noticed that his geographical customer base has widened, ( because his nearest (Omega) competitor was 50 miles away). Furthermore, the support he received from Omega sales staff is excellent. All in all, I learnt quite a bit when I ordered the kitchen, I will let you know what I think of it, when its fitted.

[omega] 29/9/2006 19:54

oranges and omega...we ought to copyright that...stick with it new factory and imo some major contracts coming maybe 3.65 in new year.

[omega] 21/9/2006 16:43

3.00 on the bid... at last.

[omega] 20/9/2006 16:55

3.00 on the offer...

[oranges] 13/9/2006 19:56

Having heard how the presentation went this morning in London, £3 is'nt far away,only issue now is the ill liquidity of this stock, scrip issue would have helped.

[omega] 13/9/2006 18:16

nearly at my target of 3.00!!!!!

[oranges] 13/9/2006 07:44

Oh my goodness, delightful, extra 8 pence paid December 06, looking forward to Christmas !!!

[zeel] 13/9/2006 07:03

ome is where the heart is:)