Oxford Metrics Share Discussion Threads

[someuwin] 13/6/2023 15:40

Expecting to see the share price trending upwards again going forward.

[johndoe23] 09/6/2023 10:09

Absolutely. 11 x earnings net of cash. Initiated yesterday, if it drops I will just add more.

[nchanning] 09/6/2023 10:06

Call me old fashioned sir but in my day a high tech world leading business with fantastic gross margins benefitting from gale force secular tailwinds growing revenues at 70% YoY traded at more than 13x earnings .

[nakedmolerat] 09/6/2023 09:14

wont make a difference until that seller has fuked off

[texas_caddy] 08/6/2023 20:47

Naked trader has bought back in, per his website update today

[johndoe23] 08/6/2023 18:58

Yep, 10k blocks

[nakedmolerat] 08/6/2023 16:58

as joedoe23 said "a seller offloading"?

[mngf] 07/6/2023 19:42

Would agree with "about right". Valuation around x13 net of cash (4.5p forecast eps, 57p net of cash market cap)

[johndoe23] 07/6/2023 18:12

Hello Arthur, interested to hear why you think these are valued about right currently? No position but look decent value to me!

[arthur_lame_stocks] 07/6/2023 16:50

I reckon these are valued about right myself. The management have done a sterling job buying and selling businesses for a profit, hopefully they can keep that record up.

[kalai1] 07/6/2023 16:02

Oxford Metrics posted Interim Results for the six months ended 31 March 2023 yesterday. The Group reported record H1 Group revenue of £21.3m, up 69.6% benefitting from buoyant order demand at Vicon. Group adjusted profit before tax was up to £4.1m, there is also clear visibility for another strong year ahead with the order book up to £22.0m (H1 FY22: £13.1m). The Group's balance sheet is very strong with a positive net cash position up to £63.6m as at 31 March 2023 (H1 FY22: £19.6m). Management continue to actively pursue M&A to find the right acquisitions, for the right reasons, at the right price. They also raised guidance for a beat of market expectations in FY23. There is robust growth and high quality here, valuation is the main cloud for the investment case. Forward PE ratio at 27x and PEG at 1.6x are both bottom third for the Software & IT Services sector. The share price also lacks some positive momentum and has been drifting sideways for the best part of 3 years. OMG looks to be a high growth, small cap Tech name worth knowing about for the longer run, but it remains a share to monitor for the time being...

---from WealthOracle

[johndoe23] 07/6/2023 11:21

Think around 11/12

[rimau1] 07/6/2023 11:04

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

[johndoe23] 07/6/2023 10:36

Looks like a large seller offloading currently, suppressing things

[rob762243] 07/6/2023 08:56

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

[nakedmolerat] 05/6/2023 13:50

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 13:46

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 18:26

Some chunky trades today, but the price still falls ?

[hatfullofsky] 17/5/2023 09:58

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 14:55

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 12:49

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 09:20

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 16:55

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 15:08

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