Oxford Metrics Share Discussion Threads

[cockneyrebel] 25/10/2010 08:21

EVO's new target of 45p still looks cheap for the growth potential going fwd imo

CR

[cockneyrebel] 23/10/2010 11:49

I agree with CAT - that's a huge bowl formed on the chart that plays out to 60p+ imo.

"Following the record performance delivered in the first half of the year the Group has continued to trade well through the second half. Consequently, full year turnover is expected to be in excess of GBP30.5m"

The current forecasts were for £26.7m and produce eps of 1.4p.

£28.2m sales were forecast for next year and expected to produce earnings per share of 2.3p

If £1.5m sales growth is expected to add 0.7p eps then another £2m on top could add another 1p or more I suspect.

3.3p eps for the year? From 1.1p last year?

The fwd eps and the growth rate is going to be interesting imo.

CR

[geovest] 23/10/2010 11:21

"Following the trading update yesterday, Evolution Securities maintained its "buy" stance for OMG (OMG), the imaging technology group, with an increased target price of 45p, up from 35p. For the year ended 30th September 2010, the group said it "continued to trade well through the second half" and as a result expects to beat full-year profit expectations. The broker was happily surprised by this and, with shares trading well below historic highs, believes there is plenty of upside."

[cat] 22/10/2010 17:49

a fund has been trying to get a grubstake
could shoot to 50p pretty quick monday

[cockneyrebel] 22/10/2010 14:47

I can only assume any broker note out today is rather positive :-)

CR

[empirestate] 22/10/2010 10:05

OMG outstanding form at the mo from a top drawer company

[tech] 22/10/2010 08:44

on the move

[cockneyrebel] 21/10/2010 15:03

cheers above :-)

CR

[paulieb] 21/10/2010 13:46

Evolution have a broker note out as of today,sorry no access to it.

[gingerplant] 21/10/2010 11:54

I agree CR - but IMO it's all about potential revenues in around three years' time from SenseCam in particular. It's the excitement over this, when people wake up to the more mainstraem / 'fun' type of applications as the retail price drops - that will take the share price materially higher IMO.

[cockneyrebel] 21/10/2010 11:49

Half a million revenue growth from 2010-2011 is forecast to add 0.5p eps to earnings.

If they are saying they've done £30.5m that's way over the £2011 forecasts for sales which should have a coresponding increase in the earnings too imo.

I'd have thought that puts the eps well over the 2.3p eps forecast for 2011 - probably over 3p imo.

CR

[bbonsall] 21/10/2010 11:20

davidosh

I have never understood how the 2010 forecast remained at eps of 1.8p after OMG produced diluted eps of 1.18p in the first half alone! Now we know the revenue exceeds £30 million for the full year compared to £14.4 million for the half year ended 31 March. Surely the total eps for 2010 must exceed 2.4p.
Now that must make the 2011 forecast well out of date.

[boraki] 21/10/2010 10:32

Well done OMG

[sailing john] 21/10/2010 09:17

Bought quite a few at 30/31 on the bell.
I like the cash and profit growth - just need to research everthing else now!
GL SJ

[davidosh] 21/10/2010 08:59

I have returned to the fold after two years away as the growth certainly looks to be here to stay now and that H2 revenue growth compared to last year looks like 28% plus. If the eps has hit 3p and the current year can see 3.5p then forecasts for next year could come in at 4p on this growth and that could be conservative. With the £6m cash and no debt that does also protect the downside. Looking forwards to more detail and a strong outlook in the December results but certainly 40p should be a reasonable target by then. They should really start to build up that dividend payment now they have such a strong cash position as a 1% yield is barely worth the effort.

[cockneyrebel] 21/10/2010 08:12

Those sales are miles ahead of next years forecasts - they should beat by miles on the bottom line.

I'm in, as a dragon might say :-)

CR

[bbonsall] 21/10/2010 07:57

The market has certainly been under rating this for a long time. We will have to see if OMGs strengths and value will be, at last, recognised. The £6 million cash represents 10p of the share price anyway.

[empirestate] 21/10/2010 07:34

this is a top drawer performance. can only see there being a rerating here of the share price am looking at short term share price of around 40p+ on the back of this update

[cammy3] 21/10/2010 07:18

Excellent update - 6m of cash in Bank now

[empirestate] 20/10/2010 22:40

we could see their statement in the morning or friday imo, now the government spending cut statement is out of the way

[empirestate] 13/10/2010 21:44

bonsall , it is cheap enough for me and reckon on our next update here next week i reckon the record revenue levels would have continued. they certainly appear to be picking up a good flow of new business which by no means is being priced into the share price i think we will look good here for 30+ on the back of the next statement as i can't see how they can not give a positive outlook when getting a stream of new business recently

[bbonsall] 11/10/2010 14:36

Despite all we know and have said above, down again today! Unbelievable really, on the bid OMG is worth only £16.5 million. Subtract the £4 million cash and it is valued at £12.5 million as a going concern with annual turnover of close to £30 million. How cheap is that?

[bbonsall] 10/10/2010 22:55

OK Cammy you are welcome. I have had a fairly large holding in OMG since mid 2006 when they were 40p, on their way to 67p. Now all the way back down here when the company is now much more diversified and interesting than it was in 2006. It was half the company it is now.