Oxford Metrics Share Discussion Threads

[cleverinvestor] 11/6/2015 23:59

Billy

Extract from the Chairman and Chief Executive's Statement below

"In addition to the 4.5p per share special dividend announced following the disposal of 2d3, the Group is pleased to announce a further Special Dividend of 5.0p per share will be paid on 10 July 2015, following an ex-dividend date of 18 June 2015 to all shareholders on the register on 19 June 2015."

[bakunin] 11/6/2015 18:22

Was there a market in the shares today?

[darlocst] 11/6/2015 13:17

Just read the interim results. All detailed in there.

[billy5] 11/6/2015 11:16

OMG declares Special 5p a share dividend to return £5.7m to shareholders.

Can anybody clarify please. This is in addition to the 4.5p paid in May.

Can't find anything further.

Thanks

[lignum] 10/4/2015 08:23

Obviously proof that their technology has been under-valued. What other gems do they have in the locker?

[arthur_lame_stocks] 10/4/2015 07:32

Some excellent news out this morning. Chris Mills is clearly working his magic.



Cheers

Arthur

[masrscb9] 20/3/2015 11:29

Thanks Mull3r and BearFoot

[bearfoot] 08/3/2015 10:38

Thanks Mull3r....



from which the pertinent comment is:

Everyman harks back to the golden age of cinema; imaging specialist OMG

OMG is firmly focused on the future. Special effects first burst on to the big screen in Star Wars in 1977, and play a crucial role in many of today's top films. OMG's camera rigs were used to capture the movements of both Hulk in The Avengers and the eponymous bear in Paddington, and it counts performance-capture studio The Imaginarium - co-founded by Lord of the Rings actor Andy Serkis - among its clients. It also provides specialist imaging and surveillance technology to the engineering and defence industries. And it's growing quickly: analysts at N+1 Singer expect pre-tax profits to triple this year then rise by more than half in 2016. Yet at 35p, OMG's shares trade at an enticing 14 times forecast full-year EPS of 2.5p, and offer a small yield of 1.7 per cent.

[mull3r] 07/3/2015 17:13

OMG covered in Investors Chronicle last week

[eezymunny] 07/3/2015 09:13

Apart, perhaps, from very short term market maker games, prices ONLY go up because there are more buyers than sellers. Maybe there's a buyer(s) in the wings hoping that the "The Board is particularly pleased to note that the Group continues to make progress to find new ways to realise latent value in its IP" comment at the AGM has some substance. We can only guess...

[lignum] 06/3/2015 20:34

That's nice. Anyone know why the jump (apart from there being more buyers than sellers).

[eezymunny] 12/1/2015 13:04

Contrary to the popular belief of lots of AVDFN madmen prices rise because there are more buyers than sellers (the vast majority of the time)!

Seems to me there have been willing insti buyers picking off any sells and any small buys thus pushing the price up. That might change on a sixpence of course but OMG still looks very cheap here to me.

[lignum] 12/1/2015 12:31

Anyone know why this this has started to move in the last week or so?

[eezymunny] 10/12/2014 16:54

A range of views then...all of which look pretty credible to me. More bearish, more bullish, but all thinking share price too low here. Quite interesting.

[spooky] 10/12/2014 16:48

I believe if Vicon was listed in the US it would be valued at well over £50 million.

[lignum] 10/12/2014 15:16

I got to a conservative 40p based on 8 x multiple (no growth, including 0.9m losses from Life). Factor in a higher multiple once they've delivered on 2015 numbers, then we're pretty much in agreement. Factor in growth from being more focussed and who knows.

[gingerplant] 10/12/2014 11:04

EezyMunny
Pre-tax of around £6m without Autographer / OMG Life spending (and remember they still managed to spend £6.8m on R&D last year) with over £14m NTAV and net working capital of £13.67m – then applying a P/E of 10 on post-tax gives a reasonable valuation of £60m / 53pps.

Of course – there’s the ongoing cost of c.£900k p.a. for OMG Life – but there must also be licensing income from Autographer – but these figures depend on them keeping things up. Sales have been generally steady, but operating profits less so.

All in all – wait and see for me. I told myself I’d sell half if and when it hits 50p – but there’ll surely be more news-flow before that (unless we get really lucky) so I’ll re-evaluate then.

[eezymunny] 10/12/2014 09:35

Any thoughts on a sensible sum of the parts valuation here?

Vicon - not much growth but a leader in its field, maybe 10 x adj post tax (20% tax) profit = £34m

Yotta - growing nicely, maybe 12 x adj post tax profit = £7.5m

2d3 - maybe 12 x adj post tax profit = £5.6m

OMG Life - may make a few quid licensing to a big brand or may just burn £1m cash for another year before being shut down completely, so maybe worth £0.

Total £47.1m plus the net cash on balance sheet £7.6m for a total of c. £55m or 48.5p/share...so a fair bit to go for here.

Too optimistic? Pessimistic?

[eezymunny] 09/12/2014 13:19

Had a few of these today for the EEZY2 portfolio FWIW. I think a good decision to scale back Autograph acivity. Reckon pretty cheap here and there's the future option to ditch Autograph completely if no licensing partners - for even more savings.

[lignum] 09/12/2014 08:15

They are doing the right thing and the experience should be valuable if they now focus on generating value from their IP. Strip out the OMG losses and this is good value.

[jackiewilson] 09/12/2014 07:29

Positive for the other businesses not to waste more money on the vanity project OMG Life, but it leaves questions about management that they can make such costly [and predictable] strategic blunders.

And they don't have the decency to say 'we made a mistake', but dress it up:

"It is a genuinely innovative product and one which our existing user base has engaged enthusiastically with. However we are yet to see significant consumer traction outside of the core user base to match the investments being made in marketing, media and sales channels."

[masrscb9] 23/10/2014 09:30

Trading statement - link at top.

[p1nkfish] 16/10/2014 07:23

HOM sold, that's a start.
Need to do a fair amount more though.

[p1nkfish] 20/9/2014 13:16

Taking a look but without a "catalyst" (selling off a section or IP?) it looks like more of the same and no real excuse for a re-rating.

[lignum] 04/6/2014 16:30

I'm still in but cannot make the presentation.

What the plans are for Autographer? H1 sales were pathetic at 281k and this business is running at an annualised loss of £4m pretty much wiping out the remaining profits in the business. 'Why bother' seems a basic question to ask unless management know something we don't. Sell the IP and move on.

I'm sure that Oryx with 15% are thinking the same. From their website:

"Target companies typically have strong business models but individually may have factors constraining their performance, which may be addressed through Oryx taking an activist approach as a shareholder."

I'd appreciate any feedback from the presentation.