|Interesting - moneyweek tipped again after tipping 2 years ago... See post 18.
This time recommended a buy at 129 (rather than 140), anyway bought at 145 unfortunately, I hope it is not one of those companies on AIM, that are doing rather well, but not being served particularly well by the AIM market makers.
Profits in line, cash, doing well so here goes for the next 6 to 12 months - at least they seem to be at a kind of low ebb in terms of price at the moment.|
|"Orpak Systems FY pretax rises; says enters Q1 with robust order book
LONDON (Thomson Financial): Orpak Systems Ltd said its full-year pretax
profit registered a rise, on the back of an increase in revenues, and added it
has entered first quarter with a robust order book including a high level of
repeat business. The fuel payment systems provider said its pretax profit for the year rose to $10.3m from $7.1m, while revenues increased to $58.0m from $45.0m. Orpak declared a dividend equivalent to 7 cents per share for the year ended Dec 31, 2007. Chief executive Hayim Kohen said the company looks forward to delivering further "significant" growth during 2008."
Puts them on an historic PER of just above 7 or just over 4 after deducting net cash of £14.4m. However share price subsequently dropped by 35% after the unexpected Q1 profit shortfall (below). Markets don't like shortfalls that come out of the blue, especially in this economic climate. Management will need to maintain or increase profitability during the rest of this year if they are going to restore credibility !
"Orpak Systems Q1 net profit down 61 pct on weak dollar, marketable securities
LONDON (Thomson Financial) - Orpak Systems Ltd. on Wednesday said Q1 net profit declined 61%, hurt by a weakening dollar and a loss incurred in its marketable securities, but that it is acting to stop earnings from falling. First-quarter net profit to March 31 fell to $0.7m, against $1.7m a year earlier, but the company said the loss in marketable securities was partially recovered in April. First-quarter operating profit rose 12% to $1.5m on a 27%increase in revenue to $15.1m. The company said swift action has been taken to address the impact of current challenging financial markets. Chief executive Hayim Kohen said: "We remain confident of delivering further revenue growth in the second quarter and full year, as well as a solid improvement in profits in the current quarter and the second half of this year."|
|Results due tomorrow should be interesting. If FY profits are circa 25% ahead of last year (28% ahead after 9 months) then they will be on an historic PE of circa 14 (fairly rich in the current climate) but it is the potential PEG on the forward forecast that will be worth watching. Company also had a net cash balance of circa £13m after 9 months although part of this will have presumably gone to the acquistion up front payment.
The recent earnout acquistions, with a heavily back end loaded consideration, also offer a fascinating potential by linking convenience store transactions to the fuel transactions within the retail petrol environment.|
|Some price spike just after 2.00pm yesterday following a 5K Buy at 180p, which was the only share trade during the whole day. What was that all about ?|
|If you are after forecasts - this was what I had off the IC article dated early August 2007.
"House broker Seymour Pierce has left its forecasts unchanged for the moment, but there is scope for upgrades. It is expecting pre-tax profits of $9.3m this year ($7.4m last year), giving EPS of 25c (21c)."|
|I was, but thanks for the GCI link.|
|Was tipped on GCI though recently
|Mas - Meant for me?
Dont have the Seymour note - just footnote off newratings website i'm afraid.|
|Gan you post a link to the complete CS note ?|
Thursday, November 15, 2007 8:57:35 AM ET
LONDON, November 15 (newratings.com) - Analyst Alan Matthews of Seymour Pierce maintains his "buy" rating on Orpak (ticker: O5B). The target price is set to 240p-250p.
In a research note published this morning, the analyst mentions that the company has posted a 29% and 28% rise in its 9M revenues and EPS, respectively. Orpak's net cash balance grew to $27 million in the period, the analyst says. The company's installed base of vehicles and petrol stations also increased, reflecting a rise in recurring revenues, Seymour Pierce adds.|
|nice set of figures again
payments from BP deal to start in Q4
surely only one way from here, DYOR|
|3rd quarter results tomorrow, hopefully with steady progress.
looks like a safe(ish) haven in uncertain times, anyone else following?|
|seymour pierce likes it http://www.market-insider.net/|
|Karorinz, I would imagine uncertainty of the implications of the news release today as above. If I am reading it correctly it is implying that a fully owned subsidiary may no longer get the tax breaks it has in the past on some of its revenue. Am happy for anyone to correct me though should I be wrong. Just how I read the news release. Shame as things were moving nicely, slowly but surely in the right direction.|
|Does anyone know the reason for 5%+ drop today?|
|Tipped in the Sun Paper
|I have been away for a week and disappointed to find divi cheque in $s. I expect that to be relatively expensive to convert to £ so I have sold these shares. I will buy something that pays divis in £s.|
listen to the ceo interview...|
|I've bought a few today - should have done it yesterday! I was away last week so only just got round to it.
Good write up in Friday's MoneyWeek - recommendation - buy @ 140p for the long term - I had to pay 157.|
|Not looking too healthy today - knocked so far on that 3k MM sell.
Growth gush from Orpak
FUEL management systems group Orpak, which joined Aim with a £8.7m funding at 140p in December, expects significant first half sales growth on strong demand in Eastern Europe and Asia.
Orpak systems is able to integrate petrol forecourt management, petrol convenience store management and fuel delivery systems, as well as assisting fleet managers and petroleum giants in saving fuel, preventing driver fuel fraud and maximising loyalty programmes.
First quarter figures to March were very encouraging, with sales gushing 31 % north to £4.98m, profit before tax rising from £660,000 to £820,000, and closing net cash a bumper £12.2m.
Chief executive Hayim Kohen pointed to market share gains in established territories as well as inroads in new ones. He claims Orpak's automated refuelling and retail management systems are gaining 'traction' in Europe, where sales spilled 35 % higher to £2.9m.
Orpak now works with 25 % of Turkey's petrol stations and plans to snare further market share this year. The company also expects new orders to flow from the expansion of a key Eastern Europe client into other countries.
Growth of 300 % from Asia and Africa to £420,000 arose mainly on two contracts signed in India and Orpak recently clinched a contract with Mega Oil, a supplier to fleets in Moscow, for its vehicle identification systems.
For 2006, the City suggests profits of £4.1m and earnings of 12p from a top line £25.4m, although the groundwork is being laid for an uplift to 2007 estimates. On a 2006 prospective multiple of 14, the shares, currently priced at 167.5p, have speculative appeal in a high oil price environment.
Recommendation Speculative buy|
Orpak Systems Ltd
("Orpak" or "the Company")
12 April 2006: Orpak Systems Ltd., a leading provider of end to end solutions
to Petroleum Companies and of automated fuel payment systems based on vehicle
identification, issues the following trading update for the three months ended
31 March 2006.
The Directors are pleased to report that the progress made by the Company in
2005 has continued through to the first three months of the year. The Directors
expect to report results in line with market expectations and revenues for the
three months to be at least $9m, a 25% increase on the comparable figure for
Orpak has continued to maintain its market leadership in automated refuelling
systems that incorporate fuel payment based on vehicle identification as an
increasing number of owners and petroleum companies adopt the Company's
systems. The Company continues to make good progress in Eastern European and
other emerging markets. Also, to date Orpak delivered over ten thousand fiscal
terminals to Turkey.
Orpak commenced shipping its products to India, where the Company has two major
contracts. The Company expects these two contracts to contribute significantly
to the growth of the Company throughout 2006.
The good progress in Emerging Markets continued in the second quarter with the
company announcing earlier this week a significant new contract in Russia to
supply vehicle identification systems to Mega Oil Group.
The Directors consider that the sound progress made during the first quarter
provides a solid platform for further growth.
Orpak will announce its first quarter results on 16 May 2006.
Hayim Kohen, CEO|
|excellent news, patience rewarded
Orpak Systems Ltd
(Orpak or "the Company")
orpak increases penetration in Russia with new contract
Orpak to receive over $1m to supply its vehicle identification systems to Mega
Oil Group in Moscow
10 April 2006: Orpak Systems Ltd., a leading provider of automated fuel payment
systems based on vehicle identification, announces today that the company has
signed a new contract to supply its vehicle identification system to Mega Oil
Group, a leading supplier to fleets in Moscow, Russia. The Company will be paid
over $US 1m for the project which will be carried out in the second and third
quarter of 2006.
Under the terms of the agreement, Orpak will supply its management system for
53 refueling stations in bus parks and automatic refuelling system based on
vehicle identification system (FuelOmat) for 6,000 buses. The system will
enable local management of each station and central management of the entire
FuelOmat is a wireless identification technology allowing the transmission of
encoded data between vehicle and pump at the point of refuelling. The vehicle
unit incorporates smart card technology and provides data such as vehicle
number plate, fuel type, fleet number, account number, expiration date,
milometer (odometer) reading and engine hours. The vehicle unit transmits
wirelessly to a transceiver located in the pump nozzle. Data is then
transferred wirelessly or through cables to the forecourt server and on to a
relevant station, head office or web-based database management systems.
Hayim Kohen, CEO of Orpak said "We are delighted to be selected to provide our
systems to manage such a large project. Our vehicle identification system is
one of the global leaders in this field and this contract is an affirmation of
our advanced technology. We look forward to a long relationship with Mega Oil
Group in Russia."
Orpak Systems Ltd
Hayim Kohen, CEO +972 3 577 6868
Hemi Shtral, CFO
Harry Chathli, Neil Thapar +44 207 929 8989
Note to Editors:
Orpak develops, manufactures and markets end-to-end solutions for the
automation of fuel stations and fleet management. Orpak is a market leader in
automated refueling systems that incorporate fuel payment based on vehicle
identification. Using advanced technologies to meet customer requirements,
Orpak's solutions integrate forecourt automation and management,
convenience-store management systems, commercial and retail sales solutions,
and fuel delivery systems. The Company's solutions are designed to benefit
customers through enabling fuel savings, preventing fuel fraud, maximising
loyalty programmes and providing other advanced services that increase
The Group's products are deployed in more than 6,000 fuel stations and 1.2
million vehicles in 30 countries across the globe and are distributed through
an international network of subsidiaries and partners.
Orpak has been ISO-9001 certified since 1995, and the Company's products meet
appropriate local safety standards and regulations in markets in which it
Orpak (AIM: ORPK) was admitted to AIM in December 2005.
|interesting report from www.fairshare.biz on these, been watching for a while now decided to join the party does anybody else subscribe to www.fairshare.biz they seem to have a good track record?|
well its moved on one trade, its the poorest performer in portfolio at present, but I am getting all the excitement at MRP|
|That might all be about to change...|