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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Omega Intl | OME | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 106.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 106.50 | 106.50 |
| Top Posts |
|---|
Posted at 06/9/2008 21:10 by oranges I think that the interim results out Wednesday will be very interesting. Perhaps a suprise or two for investors. Nice suprises I hope, perhaps a special dividend, been done before, trading update may be good, smallbone delivered robust figures last week, I am now thinking positively about this outfit. |
Posted at 11/8/2008 14:55 by moonlight83 Neefax - call them up and ask, their investors' relations bloke is very friendly. |
Posted at 26/10/2006 21:29 by oranges I think that the terrific bonus dividend pushed the price to an artifical high! Clearly some institutional investors have waited till they were ex dividend and sold some equity. They will bounce back in the next couple of months IMHO. |
Posted at 09/10/2006 08:35 by doomsday investments Omega aims to double sales in two years as it builds market shareInvestors with longish memories will recall a company called Spring Ram that made kitchens and bathrooms. It was a huge success in the 1980s with the shares rising nearly 50-fold but performed dismally in the 1990s. Omega International, which also makes kitchens but not bathrooms, has a 'son of Spring Ram' look about it. Executive chairman and major shareholder, Bob Murray, was a co-founder of Spring Ram and chief executive, Francis Galvin, was also a key figure at the earlier company. Business Summary Omega International Group manufactures kitchen furniture. The company produces pre-assembled kitchen cabinets under the brand name Sheraton and ready-to-assemble cabinets under the brand names Chippendale and Omega. Hopefully they have learned their lessons and Omega will repeat the successful part of Spring Ram's history without the 'firework-falling-ba Highly experienced management team Omega was formed in 1998 just as Spring Ram ended its life as a quoted company. It has shown consistent growth in sales and profits since that time helped by its hugely experienced management team. Three of the key figures in the company, Murray, Galvin and operations and production director, Newton Winfield, have over 90 years experience in the kitchen industry between them. The company has three brands, Sheraton, which makes factory assembled kitchens for the middle and upper end of the market and two cheaper ready to assemble brands, Omega and Chippendale. 'Not sheds, not Smallbone' Customers include John Lewis and the company has been steadily increasing the number of dealers and the number of displays at each dealer. In the last six months the group added 55 display outlets and 319 displays while launching 10 new kitchens. In total there are nearly 600 dealers with 3-4 displays each. The company is highly efficient with one large factory at a 16.2-acre site on junction 16 of the M18 motorway near Doncaster. As a result it is able to take market share with relative ease in a fragmented market where there are 850 suppliers of whom 95 per cent have less than £5m turnover. The company describes itself as 'not sheds, not Smallbone', aimed at affluent John Lewis-style customers who are spending between £6,000 and £20,000 and putting in their second or third kitchen. Looking to double the business in five years The company operates in a series of five-year plans. The latest plan, of which 2006 is year one, is to double the size of the business in five years. This looks very achievable since the group only has a three per cent share of its market. The last five-year plan was achieved ahead of target. The business is currently trading ahead of expectations and the shares go ex an 8p special dividend on 4 October. They look timely to buy for sustained strong growth. |
Posted at 16/4/2006 15:39 by oranges Zeel, you may be correct, however I cannot imagine anyone selling a large line of stock until after the AGM in June. It seems to me that most investors are holding on for the moment. Thus the downward pressure is'nt really there. Thats my own view, I have been wrong in the past. |
Posted at 21/3/2006 10:19 by neefax Interesting days ahead, company due to announce full year figures Thursday! However what will be more interesting is the accompanying statement, I think that substancial investment is on the agenda, its a lean outfit, costs very much under control, increase in share price will probably result as investors will hold on and new investors will need to pay more, imho. |
Posted at 12/11/2004 10:03 by neefax The key component of this outfit, is its extremely competent management team and structure. Clearly a wealth of experience in their chosen sector would indicate that they have a clear business plan for the next three or four years, which should prove to be good for investors. |
Posted at 06/11/2004 11:03 by easytimes This came out in October's edition of Growth Company Investor (for those who haven't seen it)"Company - Omega International Recommendation - STRONG BUY 17/09/04 -------------------- Sector Mkt Cap at 17/09/04 Price at 17/09/04 Market Place Household Goods & Textiles £37.59m 133p AIM -------------------- Current price at 05/11/2004: 150.0p Commentary: Fast-growing kitchens outfit Omega, which floated in April raking in £2.25m of new money, delivered some eye-catching maiden interims showing growth in its share of a huge UK market. Pre-tax profits for the half to 2 July grew 46% to £1.6m, on turnover up 19% at a milestone £10.3m. Omega also pleased analysts with improved gross margins of 46.2% (43.8%) and a 42% jump in adjusted earnings per share to 4.4p. Steered by chief executive Francis Galvin and finance man Martin Levitt, Omega designs, makes and markets kitchen furniture through three brands - Sheraton, Omega and Chippendale - which are sold through hundreds of independent retailers. Explaining the strong numbers, Galvin pointed to first half investment in obtaining new display dealers, the refreshment and strengthening of displays at existing customers, and an increased product range. All of these factors will drive second half growth and Galvin claims orders are running ahead of the same period last year. Omega, which operates out of a 205,000 sq ft factory near Doncaster, owning the freehold, has plenty of spare capacity for the next few years. Galvin estimates the company has only 2% of a £1bn UK market, forecast to grow at 2% a year over the next three. We also like the fact all of Omega's senior management team hold shares or options in the business. This makes the shares a strong buy." |
Posted at 27/10/2004 17:36 by easytimes Neefax - read a very detailed article on this company in Growth Company Investor, I was going to post here it but it is very large. What I like about this company is 1) the business of quality kitchens which is in a mega growth cycle at the moment 2) the effciency of the business producing high quality goods at a high margin 3) the capacity to quadruple production (x4 yes 4 x £10 million) within their new high tech factory. I can see why they were rated as a Strong buy and highly under valued. Fact is they would be 'cos they've only just joined AIM. Just takes one major retailer to come on board and these will not disappoint IMO. |
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