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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Opd Group | OPD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 38.25 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.25 | 38.25 |
| Top Posts |
|---|
Posted at 10/1/2011 15:18 by jeffian Trading updates today from Michael Page (gross profit up 30%+) and Hydrogen (net fee income up 60%+). Yep, OPD management sure picked the bottom of the cycle to mug their minority shareholders. How long before they re-float, do you think, to line their pockets again and draw in another load of mug punters? Prime People. OPD. 3rd time lucky (again?). Why change a winning formula? Investors would be wise to memorise the names of those involved and steer well clear in the future IMHO. |
Posted at 06/6/2009 19:41 by davidosh This is an interesting story in the Mail and suggests that non executives and particular heads of Remuneration committees should be voted in or off the boards each year. I actually think all large holders should have to attend meetings so that there is an understanding and relationship between owners and directors that all shareholders can be a party to. Only two people attended the AGM last year. |
Posted at 04/6/2009 14:15 by davidosh TC2,Is that you Dave ? The acceptance level so far is immaterial if the Instos do not accept the offer. Along with the private investors who think this is robbery there are more than enough to block it. I suggest holding tight and attending the Agm. |
Posted at 11/8/2008 13:55 by jeffian No. I tried several times to speak to them in the old 'PSD' days but they never took or returned my calls. I don't think they 'do' Investor Relations!Regards, Ian |
Posted at 11/2/2008 18:28 by apatel21 nigel - we'll see what the share price reaction is tomorrow. You must have a big chunk of these now given they were good value @ 210p and the time to buy value shares is NOW ; ). What with you being a long term investor and all*.*subject to share price increasing by 10% in a couple of weeks in which case abandon long term strategy and bank profits ; ) |
Posted at 31/1/2008 12:46 by g8ta Market cap now just over 2x estimated pretax for the year. No debt at interims. Where's the trading statement? I'm expecting an mbo or other bid and an investor shafting. |
Posted at 28/10/2007 18:02 by tiger20 Simon Thompson is the Investors Chronicle's companies editorthis week he repeats his confidence in this stock on fundamentals - and he cannot fathom out why they have dropped over the last few months. Bought in at £2.90 |
Posted at 05/10/2007 18:45 by jeffian nlm1,I have no doubt that IS what investors fear but there is nothing out there yet to support that. You say "Some agencies are heavily linked to the city (Michael Page) and are getting hammered as a result and other's are not" but MPI put out an extremely good trading statement yesterday which not only reported stonking figures but also forecast continued good trading saying "Notwithstanding the recent developments in specific banking sectors, we continue to experience strong demand for talent around the globe and are confident in the ongoing prospects for Michael Page." Having said that, I've been "in for some more" on several occasions but even I am getting a bit battered by the continued decline. Whatever the fundamentals, once the market 'takes against' a particular share - as it seems to have done here - there's not much one can do to fight the 'trend'. Regards, Ian |
Posted at 05/10/2007 09:17 by nlm1 It's likely to be caused by investor fear of what the downturn in the city will have in terms of recruitment. Some agencies are heavily linked to the city (Michael Page) and are getting hammered as a result and other's are not. I'm happy to say that OPD isn't particularly exposed to the city and it makes up only a small part of their business (I know I used to work there).They are on a prospective p/e of 7/8 which I think is way too cheap. Have spoken to my old buddies there and business continues briskly (see also recent interims)so I can only suggest it's the market doing it's usual short term thing and to see this as a good buying opportunity. I'm in for some more. |
Posted at 18/5/2007 08:26 by goldcooper Investors Chronicle article:17 May 2007 A new recruit It was with more than a passing interest that I perused the bullish trading statement from recruitment group Robert Walters last week. I have been looking to get back into the sector, but have been put off by the valuations on offer. Walters, for example, trades on around 19 times analysts 2007 earnings estimates, while larger rival Michael Page is rated even higher, on 21 times earnings. So, with the best will in the world, I really can't get excited about shares in either of those companies - even though they are clearly trading well. In fact, as Walters reported net fee income (NFI) growth of 17 per cent in the first four months of this year - following a stellar 19 per cent growth rate in the second half of 2006 - then it is fair to say that business is buoyant. This has not been lost on investors, who, in the past six months, have pushed up Walters' shares by 20 per cent and driven those of Michael Page ahead by 45 per cent. However, I have noticed that shares in an old favourite, OPD, have lagged behind those of its bigger rivals. To recap, I advised buying shares in the company at 323p ('A new recruit for your portfolio', 25 August 2006) and, following a 32 per cent advance in just 10 weeks, recommended banking profits at 427p ('Lessons learned', 2 November 2006). With hindsight, I was a bit premature in taking this quick-fire gain as OPD's shares then proceeded to advance to an all-time high of 495p at the start of this year. It was a rise that looked justified when the company announced in March that pre-tax profits had risen from £4.5m to £12.5m in 2006 a full £1.5m higher than broker Bridgewell Securities had been forecasting last August with earnings per share rocketing to 32.3p (13.9p in 2005). Still, the good news is that we can now buy back into the OPD story at what I deem to be an even more attractive relative valuation than when I first recommended buying the shares. That's because, at the current share price (TIDM: OPD 471p), the company is trading on just 12.5 times 2007 earnings estimates based on Investec Securities pre-tax profit forecast of £15m, which gives EPS of 37.5p. Admittedly, that means OPD will have to increase profits by 20 per cent this year to hit those broker estimates. But a read through Robert Walters latest trading update indicates that the recruitment cycle is firmly in its uptrend. So I feel comfortable that OPD will not only match those forecasts, but could actually exceed them - especially as we already know that the company was trading 20 per cent ahead of last year when it gave a trading update in mid-March. In any case, we will not have to wait long to find out how OPD has been performing, as it is scheduled to have its annual meeting later this month and will then follow this up with a post-half year-end trading update in mid-July. It's worth noting, too, that even without forecast upgrades, OPD which is capitalised at £125m looks too lowly rated compared with its larger rivals, trading on a 30 per cent discount to the sector's average PE ratio for 2007. In addition, with £11.9m net cash on its balance sheet at the end of 2006, OPD has ample scope to make further value enhancing acquisitions. On that score, the company's purchase of Odgers, Ray and Berndtson (ORB) in December 2005 is looking a pretty smart move, with ORB's net fee income the income derived from permanent placements, together with the contribution earned from temporary staff and advertising - rising from £18m in the first half of 2006 to £22.7m in the second half. As a result of this strong trading, OPD has actually increased the value of goodwill acquired in that business by £850,000. Needless to say, given this track record, any further corporate activity would be seen as positive for the shares. There is also a technical reason for buying the shares now. fFollowing a period of share-price consolidation since the start of the year, the shares are now trading back above the 100-day moving average at 460p, with both the faster-moving 20-day and 50-day moving averages offering nearby support at the 440p level. And, looking back at share-price trends over the past 18 months, the 100-day moving average has provided support on any counter-trend pull-back. So, on the basis that OPD has the highest exposure in the UK listed recruitment sector to permanent staffing (85 per cent of net fee income), is trading on a chunky valuation discount to its larger peers, and is shortly due to give the market a trading update, I rate the shares a short-term trading buy. I have set a two-month price target of 550p a share to take the rating up to to 14.5 times 2007 earnings estimates which looks realistic as we will also have the benefit of the mid-July trading update in this eight-week period. Simon Thompson is the Investors Chronicle's companies editor |
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