Optimisa Share Discussion Threads

[tonyx] 11/6/2008 16:59

M/Cap now £800K. Undervalued or more bad news on the way?

They said last month:

However, the Board still expect results to show an improvement on 2007 and the Company has sufficient cash resources to fulfil its business plan. In addition the Board continues to recommend the dividend of 3p per share for the full year ended December 2007 and will be voting in favour of this at the forthcoming AGM.

[the white house] 22/5/2008 14:10

thankfully i was just watching these but I have to say the change in sentiment in just 6 weeks is extraordinary, guess the clue was in their name...

[asmodeus] 22/5/2008 09:34

Re: my 35 - well now we've "seen who's right". unfortunately.

[pejaten] 22/5/2008 07:20

Well they may have been looking forward to 2008 with confidence in April, but in May they are looking at a disaster according to today's trading statement.

[asmodeus] 09/4/2008 08:30

Has anyone seen results like this anywhere else - ever? What will it take to get these shares recognised by the market?

OPTIMISA PLC



UNAUDITED PRELIMINARY RESULTS 2007



Optimisa plc ('Optimisa' or the 'Group') announces its unaudited preliminary
results for the year ended 31 December 2007.



Highlights

• Revenue up from £5.89m in 2006 to £11.42m in 2007, an increase of 94%

• Gross profit growth from £4.62m in 2006 to £8.09m in 2007, an
increase of 75%

• Adjusted profit before tax up from £0.75m in 2006 to £1.36m in
2007, an increase of 81% (see note 1)

• Profit before tax in 2007 increased to £1.26m from £0.73m in 2006

• nxtMOVE Corporation (nxtMOVE) and Andrew Irving Associates
Limited (AIA) strongly earnings per share enhancing in 2007

• Adjusted earnings per share up 34% to 18.37p (2006: 13.69p) (see note 1)

• Basic earnings per share up 27% to 16.65p (2006: 13.15p)

• On 19 October 2007, eq group plc (EQ) was acquired for a total
consideration £13.13m (including debt of £6.16m)

• A placing of 600,000 shares in October 2007 raising £7.45m net
of expenses

• A 6 for 1 scrip issue in October 2007

• Total equity (shareholders' funds) rose to £12.65m at 31
December 2007 (2006: £4.43m)

• Net debt of £3.72m at 31 December 2007 (2006: nil)

• 2007 final dividend 3.0p; total 2007 dividend 4.67p, an increase
of 25% (2006: 3.75p)

• Excluding acquisitions, headcount increased by 27% to 71 in the year ended
31 December 2007. Including acquisitions, headcount increased to 200
(115 at EQ and 14 at Report International Limited (RIL))

• Integration of EQ financial and IT back office systems including
the launch of a group wide intranet for knowledge management

• We have strengthened the executive management team with the recruitment of
a group business development director in 2007 and new CEOs for Quaestor
Research & Marketing Strategists Limited (Quaestor), Buckingham
Research Associates Limited (Buckingham) and KAE: Marketing Intelligence
Limited (KAE) in 2008



Note 1

Reconciliation: reported profit before tax to adjusted profit after tax

2007 2006
£'000 £'000
Reported PBT 1,257 728
Amortisation of customer contracts and 104 26
relationships
Adjusted PBT 1,361 754
Taxation (253) (97)
Adjusted PAT 1,108 657

Adjusted EPS pence 18.37 13.69
Basic EPS pence 16.65 13.15



Ron Littleboy, Chairman of Optimisa, commented: '2007 has been a year of
significant achievement for the Company with strong organic growth from KAE and
the successful integration of nxtMOVE and AIA. We are already seeing significant
group benefits from the acquisition of EQ and the Board looks forward to 2008
with confidence.'

[tonyx] 05/2/2008 14:43

Nice one.

Did see it open 25% down but as I had to go out decided against buying in again as I like to keep on eye on things.

Good luck.

[asmodeus] 05/2/2008 14:37

Well I thought the 25% fall (to 125p offer) might have been overdone, but was talked out of buying on the grounds that the loan is a dangerously high proportion of the market cap. However - on seeing quite large buys appearing, and the price rapidly recovering, I bought a few at 155p , bitterly regretting not taking my own advice. The price is 170p offer now. We shall see who's right in due course.

[tonyx] 05/2/2008 07:51

Yep, they also now have £5.5m of debt after the acquisition.

Lets see how the MM's play this one today-I suspect we may see this another 10-15% down.

BTW, not a holder of OPS. Sold last year.

[pejaten] 04/2/2008 22:17

just guessing but no movement of note in recent weeks, whereas other marketing companies such as Creston have been hammered. Last acquisition seems poorly timed and expensive in current market?

[tonyx] 04/2/2008 16:42

Whats going on here then? No trades today...

[nevgroom] 28/11/2007 09:14

What an interesting play this is. Decided to go long today and see what happens in the next 12/18 months

[steeplejack] 01/11/2007 12:37

Good businesses.

[ibarty] 15/9/2007 16:29

an interesting acquisition....

[madness of crowds] 30/8/2007 14:55

This sector fascinates me.
Lots of small players around with technically skilled but business-naive management who are ripe for taking over.
I wonder how much these guys have to spend and who would interest them?

[asmodeus] 21/8/2007 13:21

Further to my 23 above - the way the shares are moving up now, without corresponding buys, perhaps suggests there is something in the wind??

[horneblower] 21/8/2007 11:19

asmodeus, Many thanks.

[asmodeus] 21/8/2007 11:02

According to their report (qv), Optimisa is a "UK commercial marketing consulting business", and they are "focused on becoming the leading one". They appear to have a subsidiary called NM Acquisition Corporation in the US, and presumably buy stakes in the companies to whom they supply advice. But I guess the best way of finding out what they do would be to phone them - 02079603300 - Jonathon Waters or Email [e-mail]. (But I just got this from their website - optimisaplc.com - so why not have a look at that?)

[horneblower] 21/8/2007 10:00

OPS mentioned on another thread by theophilus.
I have read the RNS and all of this thread, and still have no clue as to what this company does.
Most unlikely to get involved unless some explanation and background appears, preferably in the header of this thread.
Perhaps QS9 could oblige?

I'm not really interested in the fundamentals, being a chartist, but not knowing what the company does is a no no.

BTW the chart would apear to have a target of around £17 sometime in the next 15 months imo.

[asmodeus] 21/8/2007 08:23

It's so frustrating! OPS performs so well, but the share price just doesn't reflect this. What more does the market want? Will it never come to the notice of the Big Hitters? Perhaps we just have to wait for a takeover?

[theophilus] 21/8/2007 08:14

The scrip issue may appeal so some; but more importantly the PE for the full year promises to be well down into single figures.

Cheers

Th.

[theophilus] 21/8/2007 08:05

A good set of results for the interims and promise for the full year.


Interim Condensed Consolidated Financial Statements
For the six months ended 30 June 2007



Chairman's statement

Highlights

* Turnover of #4.7m up from #2.8m an increase of 68%.
* Gross profit of #3.5m up from #2.2m a rise of 60%.
* Pre-tax profit of #780,000 has almost doubled from #415,000.
* Fully diluted EPS of 72.8p up 61% from 45.3p
* Shareholders' funds of #4.9m includes net cash of #1.4m
* Interim dividend of 10p up 33% from 7.5p.
* Second half trading has commenced strongly
* The board is proposing to implement a 6 for 1 scrip issue.
* Report International acquired in May 2007


The excellent results for the six months to end June 2007 reflect the continuing
success of our strategy of investing heavily in the off-peak second half of 2006
to produce well-above average organic growth in 2007. This performance has been
enhanced by the acquisition of nxtMOVE and Andrew Irving Associates in 2006. As
a result, overall pre-tax profits in the first half of #780,000 are in excess of
the #727,000 for the full year of 2006. Fully diluted earnings per share (EPS)
of 72.8p in the six months to end June compares with 73.8p for the 12 months to
end December 2006. We have announced an increase in our interim dividend of 33%
from 7.5p to 10p per share and intend to ask shareholders to approve a scrip
issue of 6 for 1 in order to improve liquidity of their shares.

KAE, nxtMOVE and AIA all produced record sales and profits in the first half.
KAE was able to take full advantage of buoyant trading conditions by increasing
professional staff numbers and focusing senior management's time on new business
development. KAE's pipeline for the second half is strong and we will continue
to expand the headcount in anticipation of further strong progress in 2007.
NxtMOVE has maintained the momentum achieved in the second half of 2006 and,
having improved the operational efficiency of the company, we are now focusing
on top-line revenue growth. New senior management have been recruited recently
and nxtMOVE is now well placed to benefit further from the joint selling
opportunities provided from within the group. AIA has outperformed our
demanding targets and has been the major beneficiary of work sourced from KAE,
with a consequent dramatic impact on sales and margins. As with nxtMOVE, we are
now strengthening the senior management team to maintain this momentum.

In May 2007, we acquired Report International Limited for an initial payment of
#48,000 and a maximum deferred consideration of #2.2m depending on profits
achieved in 2007, 2008 and 2009. We are confident that RIL will be
earnings-enhancing in the second half and that the deferred consideration
payable in 2010 will be in the order of #557,000

We have produced this interim statement using the International Financial
Reporting Standards (IFRS) and have provided comparative information under IFRS
for 2006. We have restated the year-end 2006 income statement the impact
amounts to a reduction of pre-tax profits of #41,000 and fully diluted EPS from
80.7p to 73.8p. It is anticipated that the transition to IFRS will have a
similar impact on the full year 2007 and this has been reflected in the results
shown in these interim statements. Our balance sheet remains extremely strong
with net cash of #1.4m, despite a temporary rise in working capital reflecting
the peak sales months of May and June. Our historically strong cash generation
in the second half reflects the seasonality of the business and net cash
balances are expected to grow strongly through the second half.

We continue to seek acquisitions, which will meet our strict investment
criteria, which include the requirement that any acquisition is earnings
enhancing in the first full year.

We exceeded our expectations in the first half and this momentum has been
carried on into the second half. This gives us the ability to continue to
invest in our people and maintain the momentum into 2008.

R F Littleboy

Chairman

Cheers

TH.

[tonyx] 29/6/2007 12:28

Just added 100

[qs9] 15/6/2007 09:13

Looking very good IMO for £20 (another 30%), tightly held so demand is pushing them ahead nicely. More deals are likely so increased share price will lessen any dilution for existing shareholders, lets hope a virtuous spiral upwards if they get it right!!

[asmodeus] 15/6/2007 07:41

To be honest, I can't remember! I know I got them "by accident" - the result of a takeover or merger, and I ended up owning only one share. It was not "economic" to sell it, so was just ignored, but some time later, I noticed that it was rising in value, so I bought another 99, to make a more sensible holding. Then, as they continued to look good, I added another 100, and then another.

[tonyx] 14/6/2007 19:08

asmodeus,

Well done.Did you buy when they were Bizzbuild?