Share Name Share Symbol Market Type Share ISIN Share Description
Oxford Instruments Plc LSE:OXIG London Ordinary Share GB0006650450 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 0.38% 1,570.00 1,560.00 1,570.00 1,614.00 1,542.00 1,542.00 22,182 14:22:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 333.6 35.5 52.4 30.0 903

Oxford Instruments Share Discussion Threads

Showing 401 to 422 of 800 messages
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DateSubjectAuthorDiscuss
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?
gringo0612
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.
bouleversee
01/2/2013
16:43
let's not get carried away - what the lord giveth, he can take away!
edwardt
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.
bluebelle
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.
a3477681
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.
bluebelle
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%.
a3477681
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.
bluebelle
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.
a3477681
30/1/2013
09:50
Well, elephants may not gallop but this one can certainly manage a trot !
bluebelle
22/1/2013
17:30
Thanks, I'll see if I can locate them.
bouleversee
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.
bluebelle
22/1/2013
13:56
FWIW I think the 1540 has gone and the new activity is around the 1555 mark.
bluebelle
22/1/2013
11:39
Thanks for the education Bluebelle. You'll agree that it's pure luck that my p/fs managed over 20% gain (inc. divs.) on average last year, despite some horrors, which made a nice change. The ftse 250 did very well but from what I read is unlikely to do so this year. Hopefully the blue chips will counterbalance that. I have a very mixed bag.
bouleversee
21/1/2013
18:40
Certainly wouldn't. Can't understand who would sell so few either. Excuse my ignorance, but where do you see the size of the trades.
bouleversee
21/1/2013
17:05
The size and the pattern of the trades : I doubt it would be economic for you to accumulate a position by buying as few 7 or 8 shares, but that's been happening here !
bluebelle
21/1/2013
16:58
Thanks for the explanation. How can you tell it's not just someone like me putting in a cheeky bid on-line on the offchance? I don't trade but if a stock I want to buy looks too expensive, I'll put in a lower bid and keep my fingers crossed that something will send the market down temporarily, as I am sure lots of others do as well. How can you tell it's active broker involvement?
bouleversee
21/1/2013
16:56
bluebelle , yes, so much manipulation in the market and all these tiny trades in some stocks is a pain . Also, this algorythmic trading drives me mad at times. very little transparency in markets but at least we can just trust the chart . have a nice evening !
arja
21/1/2013
16:39
arja I suspect I was right. They have been trying to hold the price down to accumulate stock but you can only do that for so long before the dam bursts. The 1515 dam went earlier and now they're trying to dam it at around 1540. Let's hope that goes too ! Either way, the stock should now be underpinned at a higher price. bouleversee 'bot' is short for 'robot'. They're automated trades by which a broker tries to acquire (or sell) a large position for a client at the best possible price. They do this by buying small parcels on any weakness and by doing so try to keep the price as low as possible for as long as possible until they've filled the order. I think from the trading pattern more than one broker is doing the same thing, although of course you never know whether or not it's on behalf of the same client. You often get a sharp upward movement as a result of stock shortage once they've met their requirements as they've hoovered up all the 'loose' stock. FWIW I don't think that's happened yet !
bluebelle
21/1/2013
16:24
wow, go baby go ! ( smile ) . Also is a good stock to accumulate with CFDs it seems - I must think about that !
arja
21/1/2013
15:16
Thanks. Now, what's a 'bot' trade? Is there a glossary of trader's jargon anywhere? Bouleversee (elderly novice trying to get her brain round all this)
bouleversee
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