CEO with dubious way with numbers gets his own CFO, presumably to do his bidding around reporting of figures. |
Their (years of) strong cash conversion appears to have deteriorated somewhat of late. |
Usual sleight of hand reporting of numbers which I associate with this CEO |
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 |
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 |
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. |
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. |
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. |
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. |
This new CEO couldn’t score in a brothel. A takeover is the only way to a profitable trade whilst he is in charge |
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. |
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. |
The risk is there is a full scale warning on the next update, then the share price would
likely be hit hard. |
The company isn't in crisis and it is mid-year, so it is as much as he good do. |
That statement is hardly kitchen sinking, the problem is and as previously mentioned, the rating demands flawless execution. |
I know about kitchen sinking, but believe me, with this CEO I don’t expect this to be a launch pad for success |
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. |
Look at that - first statement from new CEO and it’s at the lower end of expectations |
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. |
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 |
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. |
A great long term hold. |
The departing CEO's tenure was transformational, could not have asked for more than this.
Does it mark a high point?. |
A nice rise today. I wonder if related to the MSCI index promotion announced last night. |
Tipped by Questor in the Telegraph today |
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