Office2office Share Discussion Threads

[dewtrader] 15/11/2013 08:35

A return to 160p would be very nice

[dewtrader] 15/11/2013 08:35

nice 50k buy

someones very very keen to get these

[mathewawood] 15/11/2013 08:31

Id say this is looking investable again. Debt under control and now stabilized earnings at around 10p eps, with broker forcasts for 11p next year. Even allowing for an element of risk the share price is at least 60p+ fair value.

[daz] 15/11/2013 08:27

Yes 10p for Dec 2013, 11p for Dec 2014

[dewtrader] 15/11/2013 08:23

is the forecast earnings for this year 10p? Looks cheap as chips

[dewtrader] 15/11/2013 08:04

Decent stmt
More director buying today?

[ukinvestor220] 15/11/2013 07:57

another new profile eh !!

[professor x] 15/11/2013 07:57

Profile created 2 days ago!!!!!

[professor x] 15/11/2013 07:43

Debt reduced, cashed generated new contracts signed. I'm hoping for a decent bounce after this statement. We was told in the half yearly report that Procurement was flat so no nasty surprise there. Lets see what Mr Market thinks!

[daz] 15/11/2013 07:41

Yes I was thinking the same Simon as the price drifted but as you say this is much better than expected and leaves the shares looking very cheap.

[simon gordon] 15/11/2013 07:19

Was expecting a stinker with the share weak, stable statement.

[she-ra] 30/10/2013 15:42

About 4 million shares changed hands over two weeks ago. Surely we should have had an RNS of an increase in holding and decrease in holding.

Does anyone think Vostok could be a takeover vehicle?

[she-ra] 21/10/2013 16:56

Would of thought another RNS on who bought the other shares the other week and who sold.

[cascudi] 21/10/2013 16:36

0.2% of total volume has been bought today.
and share price up 1.2%
hope to start to see more rising in the next days

[simon gordon] 12/10/2013 10:55

Some trading ranges on the Monthly chart:





Bullish Engulfing printed on the September candle, possibly signifying a long term bottom:

[simon gordon] 12/10/2013 10:32

OPI - 3/7/13:

Here's what the CEO had to say, in the press, after the July profit warning:

Moate plays down market reaction

Office2office (o2o) CEO Simon Moate believes the investment community has overreacted to yesterday's profit warning.

The reseller has seen its share price fall by over 40% this morning after it issued a trading update yesterday in which it warned that its underlying profit for the full financial year was expected to be "significantly below current market expectations".

"Whilst we continue to grow our market share as reflected in sustained revenue growth, we have recently experienced some gross margin pressure as our customers shift spend to non-branded products," the company stated.

Moate told OPI that this mix shift had negatively impacted gross margin by around 1.5%, and this was the main driver of the expected profit decrease.

Banner Business Services is ahead of target in terms of sales, Moate added, and the £80 million ($122 million) Banner Managed Communication unit will be trading "significantly" ahead of last year – and at an attractive profit margin – despite a delay in some new contract start-ups.

o2o's trading update also referred to "a number of operational and back office changes" designed to mitigate declines in the office products market. Moate confirmed that this referred to operational and IT systems investments and improvements already underway and was not a euphemism for job cuts.

"The [stock] market has no love for our sector," stated Moate, "but we will still be delivering much higher levels of profit than our industry peers."

Moate also pointed to o2o's healthy cash position and lower net debt.

O2o's market capitalisation has dropped by around two-thirds in the last 12 months to just over £16 million. Moate said that the group was "significantly undervalued" at the moment, but declined to comment on whether this currently made the firm an attractive takeover target.

[cascudi] 11/10/2013 17:29

Fri, 11th Oct 2013 16:53

Office2office, a provider of office supplies, climbs 9 percent after a major shareholder increases his investment in the company

[daz] 11/10/2013 16:53

Yes I think so, the last RNS said Miton had 2.4m shares left, I think we can assume that Mr Gerber picked up 1m of those and the remainder have gone in the last few days

[she-ra] 11/10/2013 16:39

Well more than 1 million shares changed hands yesterday and there was 700k shares bought on the 1st October so I am assuming there will be another RNS to look forward to.

[daz] 11/10/2013 15:10

It looks like the overhang has gone now, hopefully onwards and upwards from here.

[she-ra] 11/10/2013 14:59

Do people or companies ever put in phantom bids for companies?

[ukinvestor220] 11/10/2013 14:29

he uses the internet :) and speaks to his mates over the pond.

OFF coul be a cracking turnaround. how much risk can you handle :)

[simon gordon] 11/10/2013 14:01

Answering my own question, maybe he used a price to sales ratio screener:

T/O - 238m

Cap - 14m

[simon gordon] 11/10/2013 13:57

The newish CFO has a decent track record:

Hugh Cawley (Group Finance Director)

Hugh, aged 56, is a Chartered Accountant and joined o2o in February 2013. His last executive position was as CFO and CEO of Dawson Holdings PLC, overseeing the reversal of its decline, the growth of its constituent businesses and, in August 2011, the subsequent sale of the group for a significant premium. Prior to this, Hugh held senior financial roles at Procter & Gamble, Imperial Chemical Industries (ICI) and S Daniels plc.