Oxford Instruments Share Discussion Threads

[m.t.glass] 10/9/2013 08:00

Profit warning. Oh dear.

[hydrus] 23/8/2013 17:36

Well looking back that wasn't a particularly great post of mine!

[hydrus] 16/7/2013 11:31

Wouldn't be surprised to see this move back to 1200 ish as the PE is high for a quarter where growth was hard to come by

[phoenix1234] 15/7/2013 10:29

Oxford Instruments - reassuring trading update

[bones] 12/7/2013 08:12

It suggests business or performance ticked up better than previously indicated to the market, and given that the price has been hit hard in recent weeks on the old news, one would expect a better share price performance going forward.

[hydrus] 12/7/2013 07:57

So overall for the quarter does that mean pretty much no growth? If so pe ratio might be a little high if growth has slowed

[dasv] 12/7/2013 07:37

Oxford Instruments plc

Interim Management Statement

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today issues an Interim Management Statement which covers the period from 1 April 2013 to date.

As discussed in our Preliminary Statement, the year started slowly with performance in the first two months of the year down against a very strong comparative period in the prior year. However, in the third month of the quarter, orders, sales and profits were much improved compared to each of the first two months and were also ahead of the same period in 2012/13. Average monthly order intake in the quarter was above the monthly average for the last financial year in Asia by 18% but below in North America by 20% and in Europe by 1%.

Our broad spread of geographies and technologies and our strong pipeline of new products continue to underpin the long term prospects for the Group. The Board anticipates that Oxford Instruments will continue to make progress in line with its expectations for the remainder of the financial year and remains focused on achieving its 14 Cubed objectives.

On 11th June 2013 Jennifer Allerton joined the board as an Independent Non-Executive Director.

Save as described in this statement, there has been no significant change in the financial position of the Group in the period.

[hydrus] 09/7/2013 12:21

Does anyone actually know what the forward PE is at this price level?

[sundance 13] 27/6/2013 13:58

I think below 10 is highly unlikely, but somewhere below 12 now looking highly probable. I'm on holiday currently so no time to research currently but at £11 presumably looking at a forward PE of around 15?Probably fair value for now given earnings are only growing at 10% per annum.

[bouleversee] 26/6/2013 11:53

Or it could go up.

[wanttowin] 26/6/2013 09:38

Thanks sundance, difficult to spot where the support is on the graph, needs to hold £12 imo or like you say 10 could come quickly.

[sundance 13] 26/6/2013 07:22

Overvalued at previous levels, cautious trading statement for company on mid 20s PE means big fall in current markets. Looking for £10 before i may be interested in buying.

[wanttowin] 25/6/2013 19:10

Dropped more than 30% now in less than 3 weeks,I know the market has been weak but this is more than general malaise, just what is the problem here?
Been tempted to get in here but this fall is a big worry. Just where is the support now?

[bluebelle] 17/6/2013 13:17

Yes, I should think so : I have no worries about this company long term.

Sorry, I can't help on Section 104. I use a nominee dealing account (most brokers now offer them) so they make provision for consolidations etc. Re Invensys, might be worth spending a couple of hundred quid on an accountant to bring your affairs up to date then, unless they are very complex, you can keep them up to date relatively easily : the HMRC on-line system is incredibly user friendly and the Helpline is just that. One word of warning, don't leave it until the last minute : it takes up to two weeks from application to get the necessary passwords etc.

[bouleversee] 17/6/2013 11:27

Just had an RNS alert saying Blackrock have increased their holding to above l6%. A good sign, presumably.

[bouleversee] 16/6/2013 23:11

It's easy enough to keep track of purchase dates and prices; it's all the consolidations, takeovers, esp. for shares rather than cash, etc. that give rise to problems; also if one sells/gifts part of a holding on different dates (Section 104) and/or connected persons are involved (clogged gains/losses). My Invensys holding, arising from APV and Siebe, with various special divs. and consolidations, is a nightmare, with a missing link somewhere. My husband used to keep the records but now has lost the plot and can't even understand them himself. Certificated and no broker involved so am on my own.

I don't understand spread betting so looks as though I am going to lose money yet again. Having said that, I thought it all hinged on when the US stops QE and that that is likely to be some way off so not sure why the big drop at the moment.

[bluebelle] 16/6/2013 16:24

bouleversee
It was a decision I took some time after our 'conversation' : at the time I was still bullish (for what it's worth, when I sold it was by no means at the top).
I still think the long term prospects for OXIG are excellent and your grandchildren will do well.

Yes, most are in ISAs and SIPPs but I have a reasonably sized dealing account, although I don't trade actively. I just set aside a day each year a couple of weeks before the filing deadline - it's a chore that just has to be done : the important thing is to keep records of everything you do. Like you, I don't know how active traders manage (I suspect a lot just take a chance or, despite their bullsh*t don't have to bother with CGT !).

I keep a copy of contract notes on all of my 'live' holdings (and buy/sell contract notes from previous years of any losses) with the purchase date and tax year of purchase in big red letters at the top, in my current tax year's section, and bring them forward every year until I sell them/use up the losses.
Things are a lot easier now that brokers provide detailed, itemised account data for the tax year. I used to use Sharescope for CGT calculations, but the HMRC on-line system does it all for you (as long as you have all of the dates).

Yes, I'm getting as near zilch as makes no difference on my cash, so I'm losing money in real terms every day, but my first priority is to protect my capital (or at least stop it diminishing as much as I can) and compared to any of the usual asset classes, that's the best thing I can see to do !

(I also have a small short spread bet on the FTSE, small being the operative word)

[bouleversee] 16/6/2013 14:46

Bluebelle -

Now you tell me! It's not long since you were praising me for giving shares to my grandchildren. Clearly, what I should have done was to take the profits at the high, sit on the cash and buy back when the price dropped and then gift the shares or just buy them in their names. Wonderful thing hindsight.

Are all your shares in SIPPs or ISAs? If not, how do you cope with all the paperwork involved in selling all your equities. It took me ages to do the computations for HMRC on the various shares I had given or-bed and ISAd. I've always wondered how traders cope with all this.

Do others agree with Bluebelle's pessimistic view of where the market is headed? One thing's for sure, he won't be getting much interest on cash at present.

[bluebelle] 16/6/2013 07:24

I sold all my equities a few weeks ago and I'm 100% cash. This is top of my list to re-buy when and if - quality stock long term - but I think the next major market move will be sharply down, and little will be immune from what I think will be a major global correction.

[saint or sinner?] 15/6/2013 21:27

I'd expect to see £8 before £17.

Q. Where is the earnings growth going to come from in the current economic climate?

A. It isn't hence the share price plummet.

0 ;-D

Saint

[indiestu] 15/6/2013 16:43

PEG factor of -2.31. OXIG has now been seriously oversold. Expect the share price to regain ground over the coming weeks and continue on its steady rise north as the company begins to conquer the Asian markets it is now targeting. With the technologies that OXIG provide tools for this is a long term hold to capture profits from the growing market in Nano technology. Could of traded it at 1700 plus and did take take a little profit however this will always be part of my portfolio. Keep the faith.

[wanttowin] 13/6/2013 22:28

Fallen nearly 25% since its recent high,not really the cities darling any more.

This one has had such a tremendous rise in the last 2 years, any one any ideas where the support is ?

[bones] 12/6/2013 20:11

Directors have said the year started slowly but hopeful of catching it up.

Uncertainty in outlook = decline in share price (especially in a skittish market where any excuse for profit-taking goes)

[wanttowin] 12/6/2013 19:11

Anyone any ideas why such a serious hit here? It's been such a solid one in the past but seems to have fallen out of favour big time.

[bones] 12/6/2013 17:33

I can't take the director purchase of 1,000 shares too seriously, to be fair! Non-executive though, so a token gesture.