Oxford Instruments Share Discussion Threads

[gilesy] 23/7/2019 09:23

no, and may have missed the boat for the moment

[wad collector] 22/7/2019 14:06

Hope you got your buyback in last week because looks like upwards momentum restarting.

[from8to800] 16/7/2019 10:38

*if market moves downwards.There, fixed it for you, Oracle.

[gilesy] 16/7/2019 10:17

took profits and sold at 13.90
like the company and will look to buy back in when market moves downwards

[volsung] 02/7/2019 10:44

Beats me wad. I bought mostly on the charts. My tp is still well north of here

[wad collector] 02/7/2019 08:36

Volsung you have chosen well ; not showing any sign of slowing yet.Hold or quit?
The continuing rise seems disproportionate to the recent news, is there some hidden news?

[wad collector] 18/6/2019 12:58

Positive statement on Mottley Fool along with a couple of broker upgrades may be behind today's further rise.

[wad collector] 13/6/2019 12:32

IC have been following your lead;

"Oxford Instruments (OXIG) beat analyst expectations to deliver revenue of £334m – up 12.4 per cent – against a delicate market backdrop for industrial companies.

OXIG:LSE
Oxford Instruments PLC

1mth
Today change
0.50% Price (GBP)
1,216.00
The supplier of products for industrial and research-focused customers continued to embed its ‘Horizon’; strategy across the company, which it has rolled out over the past two years. Oxford spent £25.4m on research and development, with a focus on products and technologies that offer “new capabilities”. The strategy has cut into adjusted operating margins, which slid from 15.7 per cent in FY2018 to 14.9 per cent, a trend that management wants to address this year. But the company, whose US-based atomic microscopy business exports “around $10m (£7.9m)-worth to China”, expects to reckon with approximately £1m of tariffs emanating from the US-Chinese trade dispute.

Oxford is committed to reducing its working capital, which it took down by £3.7m, reflecting a boost in inventories of £4m and receivables of £3.5m, respectively, along with payables and customer deposits increasing by £4.1m and £7.1m. Management is keen to reduce the day sales inventory ratio, primarily through reducing its roster of suppliers and consolidating its remaining suppliers.

Analysts at JPMorgan have revised their forecast adjusted EPS up from 63.9p to 67.5p for the March 2020 year-end, rising to 70.1p in FY2021."

[volsung] 12/6/2019 11:57

can't stop mesel buyin these. Got some more just now

[wad collector] 11/6/2019 16:31

Not much bad in them is there? £18 again does not seem so far away as it has done.
The 1.2 %yield is unimpressive but it is well covered (3x).
The above posting about having potential is one thing in a startup , but this is an established business; should it be priced on the basis of current earnings not future potential? Hard to justify £18 on current numbers .

[volsung] 11/6/2019 12:09

Bought a few more on the back of those finals

[wad collector] 11/6/2019 08:48

Finals look good , at a glance.


Financial Highlights:

-- Orders up 12.9% to GBP353.5m (2018: GBP313.0m), an increase of 12.0% at constant currency
-- Order book of GBP171.6m (31 March 2018: GBP153.0m, restated for IFRS 15) up 12.2% (9.4% at constant currency)

-- Reported revenue increased by 12.4% to GBP333.6m. The Group has adopted IFRS 15 'Revenue from Contracts with Customers' and IFRS 16 'Leases'. The impact is to increase revenue by GBP7.0m

-- Adjusted operating profit from continuing operations up 6.9% to GBP49.7m
-- Adjusted operating margin of 14.9% (2018: 15.7%), 15.5% at constant currency, impacted by a currency headwind and in-year investment in operational excellence

-- Reported profit before tax up 3.8% to GBP35.5m after mark-to-market movement on currency derivatives and adjusting items

-- Net cash of GBP6.7m following strong cash conversion of 103%
-- Full year dividend increased by 8.3% to 14.4p
Operational Highlights:

-- Continued progress with the implementation of our Horizon strategy, embedding defined capabilities and disciplines across the businesses

-- Incremental in-year investment in operational excellence with a focus on strategic procurement and operating processes

-- Strong order, revenue and profit growth in Materials & Characterisation supported by growth in advanced material and semiconductor customer segments

-- Healthy end markets across life science, quantum technology and academia supported strong order and revenue growth across our Research & Discovery sector. Operating profit was held back in the period by a lower performance from scientific X-ray tubes and Scienta Omicron

-- Order, revenue and profit growth, with margin improvement, in Service & Healthcare, supported by growth in service and support of our own products and an improved performance from our healthcare businesses

-- Investment in R&D supporting new and future product launches; received the Queen's Award for Innovation for our latest material analyser

Summary and Outlook:

Ian Barkshire, Chief Executive of Oxford Instruments plc, said: "We have made good progress in the year with the continued implementation of our Horizon strategy, which is delivering good growth and improved profitability. We are serving attractive markets with long-term fundamental growth drivers and focusing on segments where we can maintain leadership positions.

"Our core purpose is to address some of the world's most pressing challenges. We have positioned the Group to be a leading provider of high technology products and services to image, analyse and manipulate materials down to the atomic and molecular level, facilitating a greener economy, increased connectivity, improved health and leaps in scientific understanding.

"While mindful of the backdrop of geopolitical and market uncertainty, we remain focused on improving the business and expect to make further progress in the year."

[gilesy] 06/6/2019 11:45

bought in at 10.86 , great company with good potential

[volsung] 05/6/2019 16:08

Bought a few more at 1070 (just to speed it on its way down)

[volsung] 04/6/2019 16:59

Sorry wad. Maybe it will improve despite me

[wad collector] 04/6/2019 12:28

Christ Volsung what have you done ? Been going up steadily until you turn up, now it drops 5%. Can you sell your holding immediately please.

[volsung] 30/5/2019 09:51

Cheers wad. Hopefully more in this

[wad collector] 29/5/2019 17:55

Glad to see you back volsung. I was just thinking of selling out!

[volsung] 29/5/2019 14:35

These seem to be going in the right direction. In again today

[wad collector] 30/4/2019 13:05

Heading to a new 4 yr high today. No news I can find.

[wad collector] 23/4/2019 21:48

I missed this ;
11 April 2019

Oxford Instruments plc

Trading Update 11 April 2019

Oxford Instruments plc, a leading provider of high technology products and services to industrial companies and scientific research communities, is today issuing a trading update.

As predicted, trading in the second half of the year was supported by a strong order book and our normal second half seasonal bias. We expect adjusted operating profit for the full year to be around the higher end of expectations(1) , despite a small adverse currency effect.

A good cash conversion during the year has resulted in the Group achieving a positive net cash position as at 31 March 2019.

Oxford Instruments' results for the year ended 31 March 2019 will be released on 11 June 2019.

(1) Oxford Instruments compiled analyst forecast range for adjusted operating profit (year to 31 March 2019): GBP46.0m to GBP49.2m



Well I didn't time my £10 sell very well as it breaches £11 today.

[wad collector] 05/4/2019 13:50

Just noticed the recent chinese contract win. What chance the Chinese copy and paste the technology? Ask Siemens about the solitary State of the Art turbine the Chinese bought.
Sup with a long spoon.

[wad collector] 21/2/2019 09:31

Let some go today for a tenner , seems to have run out of puff for the moment.

[joecase] 10/12/2018 09:56

Sorry wrong post