Oxford Metrics Share Discussion Threads

[gswredland] 14/8/2023 08:21

Jumped in this morning on the rise

[garth] 14/8/2023 08:18

Tipped somewhere, or folk just excited about your link John?

Nice to see, either way.

G.

[johndoe23] 10/8/2023 21:57

https://oxfordmetrics.com/news/2023-08-01/vicon-enters-markerless-market-with-unparalleled-accuracy

[srichardson8] 10/8/2023 19:00

Frankly the share has gone south after the announcement of the imminent departure of M. Bolton. He is a significant shareholder and also has a substantial option position. After a share sale in February he still had 2.5mn or 1.9% in shares and it looks to me as if he has another 2mn or so options (I think at 25p but not quite clear). These need to be cleared or a statement of intent made.
He is of course still at the company as CEO in a transition. Basically I think this is a good thing. He and the new CEO need to be thinking hard and long about how to deploy their £60mn cash and deposits. This is a specialised market and not a very big one and they already seem to have a substantial market share. This may be deterring some institutions from becoming shareholders. So will they diversify into an adjacent business via an acquisition? This seems to be the idea for sure but it is a crucial decision for them and us. If they can get a decent RoI from an acqusition it would transform the P&L but the cultures and technologies would surely have to mesh. On the bright side it is really unusual for a UK tech firm to have this much cash against their market cap. But we need some clarity on the Bolton shareholding and a good decision on how to use the cash.

[gswredland] 10/8/2023 15:48

Can't believe all these sells

[johndoe23] 10/8/2023 10:35

To produce 3.5p this year would imply only 1p being achieved in H2. With the company seemingly trading strongly, this would seem very unlikely. Maybe the brokers are being ultra conservative in order to set up a large beat. I never pay too much attention to what they say anyway

[mammyoko] 10/8/2023 05:16

6th June 2023

Adjusted* Basic Earnings per Share 2.64p

Considering the current order book, the expected rise in the cost base and with supply chain challenges diminished, the Board believes that Oxford Metrics is well placed to deliver full year results ahead of current market expectations.

3rd August - forecast FY23 eps 3.523p FY24 4.163p
10th August - forecast FY23 eps 3.235p FY24 3.895p

i.e. reduction in forecast of 8.2% for FY23 and 6.5% for FY24

what is going on here? Slipping out a profit warning reduction through the brokers while claiming they will be ahead of forecasts

[privileged] 09/8/2023 13:15

Plus interest on all this cash! Should be able to get 3m on that per annum

[johndoe23] 03/8/2023 13:14

Disappointing drift here, surely the board could have used some of that cash pile by now?! Acquisition, special divi...

[nchanning] 28/7/2023 09:34

If I had to guess it's too much cash for a bolt on acquisition in the same industry . They probably acquire something for £20 million , then return £20-30 million in a tender offer at small premium , then hold onto a little cash

[johndoe23] 28/7/2023 07:36

The buyer accumulates, then the seller takes advantage of any rise then sells. Cash pile needs to be put to good use here.

[nchanning] 18/7/2023 13:31

Wouldn't have liked it if he moved to a similar tech company but CEO of Ordnance Survey is quite a prestigious job to be offered , perhaps a path to a knighthood etc . Couldn't be a better succession plan , with the successful CEO of the operating business already in place .

[garth] 13/7/2023 16:56

Nick Bolton is carrying a goodly number of nil-cost shares. Directors sold shares to satisfy institutional demand. While I remain intrigued by future direction and while appointment of a CEO who knows the remaining business better than anyone looks to be a smart move, I took a position on future direction by reducing again following the announcement. I don't hold enough to move the price significantly though.

There is a nice rising trend of higher lows, so one would hope those continue to define the bottom of a rising channel. And yes John, at a little above 95p I would imagine, maybe £1.

G.

[johndoe23] 13/7/2023 11:50

There was a large buyer now the seller/s are back. I agree, that cash pile needs to be put to good use! Where do you see support, around 95p?

[lennonsalive] 13/7/2023 11:02

New CEO will need to make some changes here around what they are going to do with the cash pile. Until then I can see this drifting down to support levels

[johndoe23] 05/7/2023 08:18

Looks like someone accumulating

[johndoe23] 27/6/2023 20:14

Further big buys here

[johndoe23] 24/6/2023 11:37

Thanks, thought so. Flurry of buys at 1500!

[alter ego] 24/6/2023 10:17

tipped in Telegraph Questor column

[johndoe23] 23/6/2023 17:58

Tipped anywhere today?

[johndoe23] 21/6/2023 14:09

Some huge buys just gone through

[nakedmolerat] 21/6/2023 11:43

good price rises over the last week

[johndoe23] 16/6/2023 14:11

Level 2 looking strong

[johndoe23] 14/6/2023 19:46

Two large sells this afternoon, hopefully this is the end of the seller. Ask firmed up to full price after.

[mr dexy] 13/6/2023 16:10

Have to say I was very impressed with the Investor Meet presentation yesterday.

Worth a watch if you didn't catch it.

Regards to all.

Mr D