Oxford Instruments Share Discussion Threads

[bouleversee] 14/2/2013 21:23

Wasn't there an analyst's briefing a couple of days ago, or did I dream it? Anyone know what was said?

[gringo0612] 11/2/2013 10:27

Emailed the company about the IMS and this is the response. So 13th Feb is a reasonable bet now!

"As you may be aware, we are required to put out an IMS not later than 6 weeks prior to our year end, the 31st March ... this time limit expires at the weekend. We will therefore be releasing our IMS before the weekend."

Kind regards.


Susan Johnson-Brett
Company Secretary

Oxford Instruments plc
Tubney Woods, Abingdon, Oxon OX13 5QX, UK

[luderitz] 08/2/2013 10:07

Yes strange that, I thought that Sharescope are a well respected source. This is the next date according to the calender on their W/S as A34 says =. 6 March 2013. Interim dividend Ex-div date.

[sandmarr] 07/2/2013 20:06

A3477681
DJ UK calendar of corporate events provided in Sharescope. Not always 100% correct but reasonably reliable.

[a3477681] 07/2/2013 16:24

sandma
I don't see anything in the Financial calendar on OS website to indicate that there will be an Interim Management Statement on 13 Feb. and not published in key dates on Digital Look.Where did you get that information?

[sandmarr] 05/2/2013 23:34

ims now 13th Feb.

[arja] 05/2/2013 15:49

odd that went up yesterday in a bearich market but well down today in a more bullish market !

[a3477681] 05/2/2013 08:26

bouleversee
1 Feb'13 - 16:54 - 378 of 382 0 0 And frequently does!
A3477681 -Did you buy back at higher price than you sold?
answer: YES! I sold 300 @ 1640 and bought back in @ 1660 so lost 60 + dealing + stamp £32 so say £100 and was very lucky with a small drop to my LSE order price. It was a bad experiment on this occasion but also increased holding by another 300.

[gringo0612] 02/2/2013 14:50

I'm trying to get to grips with what is happening to OXIG. In the last 12 weeks the share price has increased by around 36% as against 15% for the FTSE 250. So a fantastic performance and as a long-term holder I'm very happy but it does raise questions about why this has happened and whether its sustainable. Is this irrational exuberance or is there an underlying justification?

No doubt OXIG is a fantastic company but currently ratings, in comparison to historical averages, are on the high side. The PE sits at almost 25 v's a 3 year average of around 17 and doesn't fall below 20 until after 2015. The PEG sits at historical highs of around 2 for the current year and not much less for the 2 forecast years.

One possible explanation for the recent share price rise lies in the strength of the last interim results, when OXIG announced growth in revenue of 7.4%, profits 23.5%, EPS 20.2% and talked of improving efficiencies and acquisitions. The market clearly liked the numbers and the share price started its recent run.

Over the last month the share price has been flying with a 17% increase v's around 5% for the FTSE 250. Is the recent acceleration is to do with the imminent IMS? In the last 3 years OXIG released an IMS on either 19 or 20 Jan and for me its a surprise that we're into Feb and we still haven't seen one. Does anyone know why? Maybe the share price is reacting to an expectation or knowledge of something significantly new in the statement i.e a significant acquisition, an approach or an exceeds update.

If its speculation over an acquisition or take-over then you would expect a hike in volume, which isn't really the case and doesn't suggest that the market believes that there is a take-over or significant acquisition in the pipeline.

Which leaves the possibility of an ahead announcement. At the start of this financial year the consensus broker forecast was for EPS of 62p with a growth 7%. Currently the consensus forecast for this year is for EPS 68p, 11% ahead of last year, and hasn't really changed from the forecast before the half year results were announced. I would have thought that given OXIG announced earnings growth of around 20% at the half year and with earnings normally slightly stronger in the second half than the first then there is an argument for a y/e of EPS of around 74-75p which would bring the PEG to around 1.1, making the valuation look a lot less demanding and might mean we won't see a significant retracement or correction.

Bluebell what's your view? What do others think? Is there anything else? Exuberance or not?

[bouleversee] 01/2/2013 16:54

And frequently does!

A3477681 -

Did you buy back at higher price than you sold? Was there any benefit in selling? I never know whether I am losing out by sitting tight for most of the time. Difficult to know when to take profits. Wish they were in my ISA. I have a lot of c/f losses but am getting to the situation where gains outside ISA exceed losses plus allowance so some selling/gifting must be done at some point.

Do you think there is a takeover situation building up? The share price hike this year has been more than dramatic.

[edwardt] 01/2/2013 16:43

let's not get carried away - what the lord giveth, he can take away!

[bluebelle] 01/2/2013 16:27

A34
Well done ! I think I was right about the 'bot' buying. FWIW I've seen a similar pattern on two others I hold - FLTR & FENR. I could be wrong but I think this could be the beginning of the grand rotation from bonds into equities. Recent rises have been driven by selective auto buying - a 71 point rise today but only 38% of stocks showing gains.

[a3477681] 01/2/2013 16:16

Bluebelle.
Phew! Luckily this morning I relented and bought in again at 1660 when I saw the strength of the buying and have only just got back in and would have been a bit miffed. Says a lot for the confidence in this company. Bit of a surprise rise in the market. Lets hope it sticks

[a3477681] 31/1/2013 15:24

Absolutely and enjoyed the discussion. I really like this board for its authenticity.

[bluebelle] 31/1/2013 12:44

A34
Everyone should feel free to do what they feel comfortable with with their own money - nothing wrong with taking a profit.

[a3477681] 31/1/2013 11:09

Its been having a good run for quite a time so lets see if I get my chance to get back in comfortably. I still have 2/3 of my holding. I am sure you are right on fundamentals but although there seems to be a good deal of optimism the economy is not so hot and the slippage in NY yesterday may yet dampen that enthusiasm. The US is vital to the global recovery and whatever technology is dependent on that. I was surprised the RSW trading statement so its wise not to expect constant upward momentum from any company. Perhaps I am too cautious. However my sell yesterday netted £1226 since 13/11/12 which was 26.4% including all costs. The div yield is about 0.7%.

[bluebelle] 31/1/2013 09:13

As we've discussed before, the dividend is in the price ! Certainly no one would buy for the physical payout, even though in cash terms it has been increasing and is forecast to do so again for the current year (and on my original purchase price, it's not too bad!). The key things to me are that the PEG is still around .5% and that R&D has doubled in 3 years and that's what will continue to deliver profitable growth.

[a3477681] 31/1/2013 08:26

Seemed a good idea to take my dividend yesterday whilst good news is in the air. Not worth waiting for the the official one, and after all that trotting up hill she will probably need to take a breather.

[bluebelle] 30/1/2013 09:50

Well, elephants may not gallop but this one can certainly manage a trot !

[bouleversee] 22/1/2013 17:30

Thanks, I'll see if I can locate them.

[bluebelle] 22/1/2013 16:00

bouleversee
FWIW, IMHO the best threads on these boards for stock selection - as opposed to tipping and trading - are ZULU and VALU not least because they set out the criteria they are judging a stock by. You might find them interesting. The posters there (apart from the odd troublemaker) are constructive and helpful.