Omega Diagnostics Share Discussion Threads

[longshanks] 27/2/2012 19:44

Worth reminding ourselves of the potential we are buying into:




Omega has expanded coverage of its Genarrayt microarray systems with 95 units now installed in 24 countries. Over the coming months there will also be a big push into the growing BRIC countries (Brazil, Russia, India and China). House broker Cenkos predicts 2012 pre-tax profits of £1.8m and EPS of 1.5p, while in 2013 the expectation is for sales of £20.7m, pre-tax profits of £5.2m and EPS of 4.5p.


1.5p EPS for this year would just about justify the current share price - but there is no current premium in the price for the potential explosive growth in 2013 and beyond. EPS growth of 300% p.a. for just a couple of years would make this a >£100m market cap business.

I presume that Cenkos haven't updated their note yet but to me the case is compelling.

[longshanks] 27/2/2012 15:00

Picked up another 25K. Market is stubbornly holding onto the limits but max available online is now 15K.

I will be buying some more next week - but that is me done for now.

[leedslad001] 27/2/2012 14:37

Just got myself another 2k worth

[longshanks] 27/2/2012 14:33

limit on the offer has been tightening up with the trades today.

interestingly after the (presumed) sale of 50K at 10.5p the offer tightened up with the maximum shares available online reducing from 63084 to 35715. The following purchase of 25K has reduced that limit to just 25K and all quotes for over 12.5K shares are now at the full price.

Looks to me like the market weakness for ODX is coming to an end: might be tempted to buy a few more.

[longshanks] 27/2/2012 11:12

As and when we do get the update, it would be nice to get details on progress re FDA approval for Food Detective in the US market. We are almost a year into the process which is expected to take two years.

It is worth reminding ourselves of what Andrew Shepherd said last year:


Shepherd said it was difficult to say what effect entry into the US market would have on Omega's sales, but it was likely to be "substantial".



I also feel that other deals with Toyota Tsusho America are very possible if this one comes off as expected.

[leedslad001] 27/2/2012 10:41

Hi longshanks
Mine was the first buy as you say nice time to top up

[longshanks] 27/2/2012 10:31

Overhang is still looming but given we can buy below the placing 12p I would say this is pretty well supported at the current price.

I have bought another 25K this a.m. and it hardly made a dent so I guess we still have a way to go before the seller is cleared and the price can finally take off: still great buying opportunity IMO and no doubt, in time, my stakebuilding will prove judicious.

My guess is that the current seller is looking to get an overall profit from their placing shares and so is happy to continue selling at a notional loss given he made a decent profit whilst the price was run down. I don't believe we have too many placees looking to follow suit and so would be unsurprised to see a quick retrace to 15/16p - esp if we get a good update in April.

[davydoo] 15/2/2012 19:21

Having sold out a year ago, I have recently bought back in here with a small starting stake. Im still concerned about the 12p placing though, as I think it could be slow going getting back through the 12-15p range.

davydoo - 31 Dec'10 - 11:28 - 361 of 491 edit

That depends how you view 64m shares issued at 12p, when previously there was only 21m shares in issue with a priced at 18p.

To me that is an enormous overhang. Or you could say it now has a very solid institutional shareholder base.

I've sold all mine.

[longshanks] 15/2/2012 19:09

April is when I think it is due. The company doesnt issue too many notices but quietly gets on with its strategic objectives. A lot still hangs on them being able to grow their market and share...but the deal last year should begin paying off soon.

This company is very much looking for growth but has already achieved profitability so shouldn't be too adversely affected by tightening credit.

[philo124] 15/2/2012 09:26

MUST BE OVERDUE AN UPDATE, according to interim statement "coming months".

[philo124] 13/2/2012 21:53

Yes , off the radar at the moment.

[longshanks] 13/2/2012 19:18

Anyone else feel a surge is comming our way soon?

MMs are still fishing but I reckon our seller is done

[leedslad001] 31/1/2012 12:11

Need to get rid of this seller. Then its up and away.

[longshanks] 31/1/2012 11:54

IDH is bouncing back strongly and had director buying too...I wonder...

[smiler 00] 30/1/2012 15:46

Agree too ;- )

[longshanks] 30/1/2012 13:42

Finance Directors are renowned for being cagey investors. He is unlikely to have bought without confidence it was a safe bet.

Could be a good year.

[smiler 00] 30/1/2012 12:20

Aye

Omega Diagnostics Group PLC., are once again pleased to announce our participation at the Arab Health Exhibition, Dubai, between 23/26 January 2012. We look forward to meeting current and future business partners at our booth RC31. If you would like to arrange an appointment, please contact Sara Collins at [e-mail]. We look forward to meeting you then.

may have gone well ?

[leedslad001] 30/1/2012 12:08

Nice director buy. Showing confidance in the future of the company :-)
Well done.

[longshanks] 25/1/2012 14:05

it is one of my 5 for the 2012 stock index challenge. I have done well in that for the last two years so who knows how I will do this year; ODX is one that I have high hopes for.

[leedslad001] 25/1/2012 13:36

I want to see this double or treble by end of 2012! Then who knows from there i like to dream :-)

[longshanks] 25/1/2012 13:31

I'll be in profit if this continues...

[leedslad001] 25/1/2012 12:51

Blue again. getting a bit of a habit. :-)

[leedslad001] 24/1/2012 17:02

Nice slow move up will do, don't like spikes. lol