Oxford Instruments Share Discussion Threads

[essentialinvestor] 14/11/2024 17:10

Their years of string cash conversion appears to have deteriorated somewhat of late.

[eigthwonder] 16/10/2024 10:52

Usual sleight of hand reporting of numbers which I associate with this CEO

[martinmc123] 16/10/2024 09:53

4*
The global provider of high technology products and services to many of the world's leading companies and scientific research communities issuing a positive trading update for the half year ended 30 September 2024. Management expect to deliver circa 10% revenue growth for the first half, supported by order intake circa 3% ahead of the prior year. Adjusted operating profit will be slightly above last year. Group margin will be lower than last year, as expected, reflecting the mix effect of stronger revenue growth from Advanced Technologies. On a reported basis, the currency headwind will result in adjusted operating profit and margin below the comparable period last year. H2 performance is expected to be stronger as is normal for the business with full year performance expected to be in line with expectations on a constant currency basis. Current consensus is looking for statutory profit growth of about 22%...from WealthOracle

wealthoracle.co.uk/detailed-result-full/OXIG/880

[martinmc123] 16/10/2024 09:52

4*
The global provider of high technology products and services to many of the world's leading companies and scientific research communities issuing a positive trading update for the half year ended 30 September 2024. Management expect to deliver circa 10% revenue growth for the first half, supported by order intake circa 3% ahead of the prior year. Adjusted operating profit will be slightly above last year. Group margin will be lower than last year, as expected, reflecting the mix effect of stronger revenue growth from Advanced Technologies. On a reported basis, the currency headwind will result in adjusted operating profit and margin below the comparable period last year. H2 performance is expected to be stronger...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/OXIG/880

[eigthwonder] 11/10/2024 14:10

Historically OXIG profits have been very susceptible to the £ vs $ rate and £ strength of recent months may be a factor - both here and for the sector in general.

[essentialinvestor] 11/10/2024 13:35

If Renishaw dips under £34 again it's a buy for me.

Smiths Group looks tempting following the de-rating.
They have big general industrial exposure though.

[roguetraderuk] 11/10/2024 12:55

a lot of the specialty engineers in the doldrums, shares in bear trends for a few years now even if in some cases earnings held up. those with auto exposure may have the worst still to come.

[essentialinvestor] 11/10/2024 12:06

It was rated as a growth stock and currently there is no growth.

Rating remains relatively high, but corporate action always a possibility here, given previous interest.

[eigthwonder] 25/10/2023 07:17

This new CEO couldn’t score in a brothel. A takeover is the only way to a profitable trade whilst he is in charge

[mrscruff] 24/10/2023 20:47

Looks like I got my timing badly wrong down 18 percent. Everything looked OK on paper and suspect a recovery eventually . The lower orders was obvious to everyone due to the pent up demand of previous years so I thought was factored in but must have been worse! But always bought for the long run. P/E now approaching value but overdone given the growth seen on the balance sheet.

[1c3479z] 12/10/2023 16:33

would have thought another takeover offer, after Spectris showed interest a few years ago, a strong possibility given its tech when there are signs of the economy reviving.

[essentialinvestor] 12/10/2023 08:23

The risk is there is a full scale warning on the next update, then the share price would
likely be hit hard.

[eigthwonder] 12/10/2023 07:51

The company isn't in crisis and it is mid-year, so it is as much as he good do.

[essentialinvestor] 12/10/2023 07:42

That statement is hardly kitchen sinking, the problem is and as previously mentioned, the rating demands flawless execution.

[eigthwonder] 12/10/2023 07:18

I know about kitchen sinking, but believe me, with this CEO I don’t expect this to be a launch pad for success

[mortal1ty] 12/10/2023 06:53

Happens a lot. Old CEO leaves when they see trading turning down. Let someone else deal with the problems. They keep these things going as long as they can.

Often its not the fault of the new guy.

[eigthwonder] 12/10/2023 06:38

Look at that - first statement from new CEO and it’s at the lower end of expectations

[essentialinvestor] 02/10/2023 17:06

It's regrettable the last CEO, who did a brilliant job, left while still a relatively young man. Tbf he worked for OXIG for many years. My concern here currently is OXIG have done nicely in China and wider Asia
over the last few years, could a slowdown in these markets impact growth?. The current rating demands
flawless execution, so I'm out for now.

[eigthwonder] 01/10/2023 09:12

New CEO record at TTG makes this a questionable appointment. He had a persistent record of shouting good news and keeping quiet on bad news. Handle with care

[mrscruff] 30/9/2023 19:35

Draw down of OXIG from year peek is -23%. Low net debt and all earnings and margin numbers are going the right way. Earnings are diversified too. P/E of 22 seems like it could goto 28 when markets go bullish. This UK stock seems cheap vs US quality stocks.
Value investors may say this is too expensive but earnings could catch up with P/E at the current rate.

I would like to see it pay of the small debt it has as these days debt is a drag. OXIG are earning enough income to do this. I don't want to see dividend increase as this could be a great UK growth story for the FTSE100.

[mikeduckett] 14/4/2023 08:57

A great long term hold.

[essentialinvestor] 13/4/2023 13:22

The departing CEO's tenure was transformational, could not have asked for more than this.
Does it mark a high point?.

[typo56] 10/2/2023 08:06

A nice rise today. I wonder if related to the MSCI index promotion announced last night.

[rik shaw] 04/12/2022 08:18

Tipped by Questor in the Telegraph today