Oxford Metrics Share Discussion Threads

[rimau1] 07/6/2023 10:04

If you strip out the circa £65m cash isn’t this trading on single digit forward earnings?

[johndoe23] 07/6/2023 09:36

Looks like a large seller offloading currently, suppressing things

[rob762243] 07/6/2023 07:56

I wonder how long it will take for them to acquires someone, shares should jump nicely if they do

[nakedmolerat] 05/6/2023 12:50

A flurry of buying today ahead of tomorrow. So maybe good results?

Although nothing done with that cash!

"The Group remains in good financial health which includes a cash position of GBP67.7m which will enable the business to pursue our investment strategy including the ability to execute acquisition opportunities as the markets normalise that will accelerate our strategy."

[dave4545] 24/5/2023 12:46

Overhang here I can get size 92.62p anybody aware of a seller in this one as not a stock I follow much ?

[hatfullofsky] 22/5/2023 17:26

Some chunky trades today, but the price still falls ?

[hatfullofsky] 17/5/2023 08:58

Why was the new contract not an RNS ? New contract announced before results I hope we see the growth continuing.

09/02/22 AGM Trading Statement

In line, the Group has continued to experience high order intake and has a substantial order book. 100% visibility on FY23 revenue (30/09/23)

I wonder if this contract was additional to those estimates or included, they did say they would be H2 weighted.

[games] 15/5/2023 13:55

Maybe the sensing of bodies is not going to plan

Notice spt whacked

If you want to see the nefarious agenda search cam uni and their courses 23

A vid on you tube from cam still makes claims for later. Not that I want them succeed

The whole smart city,body agenda needs exposing

[garth] 13/5/2023 11:49

Mammyoko.

Thank you for making an articulate and well reasoned rebuttal. There is nothing you have said that I would disagree with.

I look forward to reading on the 6th and considering whether to top up, having previously followed directors by trimming my holding.

Best wishes,

G.

[mammyoko] 12/5/2023 08:20

The shares are now 16% lower than when they sold at 110p which was another peak in the sideways-trending graph. So it may well have been the share price rather than the prospects for the business that motivated the timing of the sales.

Two of the sellers - Deacon and Robertson - are 62 and 65 respectively - so maybe taking advantage of share price strength ('institutional demand') to sell before retiring? While they sold the majority of their holding, Bolton who is only 56, only sold 20% of his stake.

So, while co-ordinated sales do raise questions, the reasons given may, on this occasion, be the correct ones.

They have said that potential targets remain too expensive so they have shared their intentions for the cash pile with shareholders. I would rather they accrued interest at, say, 3% - £2m a year - than squandered it on over-paying. I think they have shown, with Yotta, that they have good commercial acumen.

I've been invested here since 2015 and have had few reasons since then to suspect management's motives. They aren't rampy and just get on with the job. The share price is in a long-term upward trend. At the moment, the cash provides solid downside protection while the growing order book suggests that momentum may be building. I could easily see them being acquired at 20 times forecast earnings of, say, 5p plus 50p for the cash - so around 150p.

I think the risk-reward looks good but we will find out more on 6th June

[garth] 11/5/2023 15:55

mammyoko,

"Director sales in Feb may be holding people back but Directors are small holders here anyway."

So, we shouldn't be wary after directors sold from already "small" holdings to meet "institutional demand"?

Can you see how that argument might be taken to run in a contrary direction to the one you intended?

Directors are sitting on a giant heap of SHAREHOLDERS' cash, sold down their own shares and haven't shared a shred of news about their intentions. That leaves me wary. If they hadn't taken a personal (well deserved) windfall (but no special divi for holders) followed by radio silence then I might feel differently.

Best wishes,

G.

[mammyoko] 11/5/2023 14:08

Gone quiet here. Nobody interested in ex-cash forecast p/e of just over ten for a company with 100% sales coverage for the year and proven ability to sell businesses at top dollar? This one was trading at 20x ex-cash earnings before the sale of Yotta. Some Director sales in Feb may be holding people back but Directors are small holders here anyway. The YoY growth in the order book suggests to me that the risk is to the upside. Results out in June, AGM statement in Feb was in line with second-half sales weighting.

Got to be worth 120p plus. And not impossible it might receive a bid.

I hold, obviously.

[lennonsalive] 16/3/2023 16:28

Nice rise at the end of day

[hatfullofsky] 02/3/2023 21:43

Just some small buys

[rolo7] 02/3/2023 11:47

Tipped somewhere ic simon Thompson?

[garth] 14/2/2023 08:42

Arthur,

I never like a director sale - even in response to II demand. Against that should be held the fact that they just shifted 2.9M shares and the price held. Are said institutions still buying?

Directors have done well to build up Yotta - perhaps they just feel like they deserve to take some cash and enjoy it? And if that's the case I think we'd say that is entirely reasonable.

I do, however, think it adds ambiguity and on that basis I followed directors and trimmed my holding yesterday, for now at least. Will review following interims which, despite historic second half weighting already discussed, I was left feeling cautious about potential market reaction to.

Just a view.

G.

[arthur_lame_stocks] 13/2/2023 17:37

Is that the board calling the top for this?

[garth] 13/2/2023 14:53

2.9 million director sales into strong institutional demand.

[garth] 09/2/2023 09:05

That would be nice. Have been happy to patiently wait here for the next unfolding, underpinned by all that cash.

[nchanning] 09/2/2023 08:57

Progressive note just out saying much the same and noting that the company has never had this level of revenue visibility so early in the year . To be honest I would be surprised not to see an ahead of expectations statement follow in a few months time

[nchanning] 09/2/2023 08:53

I'm reading it as the company being virtually certain to hit its numbers for the year with a good chance of upgrades as the year progresses

[wjccghcc] 09/2/2023 08:33

Historically they've always been H2 weighted.

[garth] 09/2/2023 08:20

AGM statement with a bit of a trading update. Sounds like they feel they have decent visibility but second half weighted. Does that mean that they are wanting to warn us ahead of first half reporting?
Recent shipments - implying the delayed order has been sorted?
Still no word on what they are going to do with that great big pile of CASH.

G.

P.s Who is going to own up to the chunky 100K at 108p?

[garth] 06/12/2022 07:58

greenslug,

my mistake!

G.

[bountyhunter] 06/12/2022 07:39

"The Group remains in good financial health which includes a cash position of GBP67.7m which will enable the business to pursue our investment strategy including the ability to execute acquisition opportunities as the markets normalise that will accelerate our strategy."

and a healthy hike in the dividend with a very progressive future dividend policy in place