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OMG Oxford Metrics Plc

52.80
-0.40 (-0.75%)
17 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oxford Metrics Plc LSE:OMG London Ordinary Share GB0030312788 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.75% 52.80 405,748 15:19:35
Bid Price Offer Price High Price Low Price Open Price
52.60 52.80 53.00 52.40 53.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 41.46M 758k 0.0058 91.03 69.93M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:20 UT 12 52.80 GBX

Oxford Metrics (OMG) Latest News (2)

Oxford Metrics (OMG) Discussions and Chat

Oxford Metrics Forums and Chat

Date Time Title Posts
09/1/202507:17OMG - Global leader in Motion Capture Systems just Ј10m1,882
25/6/202108:41please ignore (just omg mucking around)-
23/10/201308:48OMG - Chart looking very Bullish - Rising steadily1,565
19/8/200807:44Jade Goody worth Ј8m46
05/12/200511:11Ugly Peeps here20

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Oxford Metrics (OMG) Top Chat Posts

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Posted at 18/1/2025 08:20 by Oxford Metrics Daily Update
Oxford Metrics Plc is listed in the Computers & Software-whsl sector of the London Stock Exchange with ticker OMG. The last closing price for Oxford Metrics was 53.20p.
Oxford Metrics currently has 131,439,635 shares in issue. The market capitalisation of Oxford Metrics is £69,400,127.
Oxford Metrics has a price to earnings ratio (PE ratio) of 91.03.
This morning OMG shares opened at 53p
Posted at 09/1/2025 07:17 by lennonsalive
The buybacks I think had made an impact in lifting the price slightly, however the communist government current economics are bringing down the whole market
Posted at 22/12/2024 08:54 by lennonsalive
From the Small Cap Newsletter Oxford Metrics finally get round to presenting to individual shareholders via the InvestorMeetCompany platform a week after releasing their results. Of the 10 or so questions that SCLers reported asking on the call, only one was answered and that only partially. What little confidence remained in the new management team isn't so much ebbing away as flooding out. Unsurprisingly, the share price joined the receding tide.
Posted at 11/12/2024 16:34 by simon gordon
PI World - 11/12/24:

Talking Tech – Episode 13: Oxford Metrics (OMG) & FD Technologies (FDP)
Posted at 05/12/2024 20:56 by rambutan2
From city Wire today:

Oxford Metrics (OMG), the developer of smart sensors, is making ‘operational progress’ despite cyclical challenges, says Deutsche Numis.

Analyst Tintin Stormont retained her ‘buy’ recommendation and increased the target price from 95p to 110p on the stock, which rose 2.8% to 59.8p yesterday, but has tumbled 44.6% in 2024 to date.

Full-year 2024 revenues came in 6% lower at £41.5m year-on-year, with profit before tax falling to £3.7m from £7.5m the year before. Stormont said that all the figures were ‘slightly above our revised expectations’ after the September warning of over-extended buying cycles.

‘As expected, entertainment has been impacted the most, reflecting the widely reported slowdown in the global games industry and subsequent content creation contraction,’ said Stormont.

‘Engineering and life sciences were also impacted, reflecting delays in academic funding. The group ended the period with just over £50m of cash. Post period-end the group announced a return of cash of £6m via a share buyback.’
Posted at 05/12/2024 10:24 by sev22
Analysts are being too cautious with this software stock.

Earnings downgrade hurts the smart sensing and software group, but it’s still well placed to recover.

Published on December 3, 2024
by Simon Thompson

*Full-year revenue down 6 per cent to £41.5mn
*Adjusted pre-tax profit halved to £3.7mn
*Underlying earnings per share (EPS) down from 5.3p to 3p
*Dividend per share up 18 per cent to 3.25p
*Closing net cash of £50.7mn (39p)
*5.5 per cent dividend yield

Smart sensing and software group Oxford Metrics (OMG:59.5p) issued a profit warning at the end of its financial year, so the sharp fall in profits had been well flagged (‘Oxford Metrics’ warning hits shares – but all is not lost’, 23 September 2024).

The issue is that customers are being more cautious, which has lengthened buying cycles and pushed several opportunities in the sales pipeline into the new financial year. In particular, the entertainment sector was impacted by the slowdown in the global games industry and subsequent contraction in content creation. The segment reported 23 per cent lower revenue of £15.9mn, representing 38 per cent of the group total. Both the life sciences and engineering segments, accounting for 56 per cent of Oxford Metrics’ annual revenue, performed better but still reported single-digit revenue declines due to delays in academic funding.

So, although revenue was at the top of the revised £40mn-£42mn range in the 12 months to 30 September 2024, it was still well below last year’s revenue of £44.2mn. The impact on earnings was accentuated because Oxford Metrics is a high-margin business that generates a gross margin of 67 per cent, a contributory factor behind the 51 per cent decline in adjusted pre-tax profit to £3.7mn on 6 per cent lower annual revenue.

Prospects for the new financial year.

Industrial Vision Systems (IVS), a specialist in developing machine vision software systems that was acquired 13 months ago, has closed several large deals worth more than £1.3mn in sales, which has contributed to a healthy order book. The group’s smart manufacturing division has made a good start, too, having made a maiden £2.9mn revenue contribution in the 2024-25 financial year.

In addition, the board is deploying the group’s bumper cash pile to make earnings-accretive bolt-on acquisitions. The recent acquisition of Gloucester-based The Sempre Group, a measurement specialist that helps blue-chip manufacturers be more efficient and improve quality, looks like a smart deal (‘This company's recovery potential is severely underrated’, 4 November 2024). It is part of Oxford Metrics' drive into smart manufacturing and offers synergies with IVS.

Sempre offers a range of bespoke metrology solutions to address quality and automation challenges in the aerospace, automotive, medical, energy and precision engineering sectors. For instance, its technology is used to measure the wingspans for aircraft and precision of bone screws and joint implants. Sempre was purchased for £5.5mn, representing a reasonable multiple of eight times the 2023 pre-tax profit of £0.7mn.

Impact on forecasts.

Although analysts at Deutsche Numis see some encouraging pockets of activity, they feel it is prudent to reflect more caution in their forecasts until there is more consistent demand recovery.

So, even after factoring in a maiden £0.8mn operating profit contribution from Sempre, a doubling of IVS operating profit to £0.6mn, £1.5mn of interest income and a £0.3mn rise in central overheads to £3.8mn, the brokerage only expects adjusted pre-tax profit to edge up to £3.9mn (17 per cent downgrade) on 15 per cent higher revenue of £47.9mn in the 12 months to 30 September 2025. Expect net cash of £46.7mn (30 November 2024) to fall to £41.8mn (30 September 2025) after factoring in a £6mn share buy-back programme and the Sempre acquisition.

The downgrade is disappointing, but it’s already factored into the valuation as the group’s enterprise valuation of £30mn equates to 12.5 times the bottom-of-the-cycle operating profit estimates of £2.4mn for the new financial year.

Indeed, Deutsche Numis’s target price of 95p (from 110p) still supports 61 per cent share price upside. Moreover, shareholders will be pressing management to deploy more of the cash pile on bolt-on acquisitions, so there is scope for mergers and acquisition-driven upgrades as the year progresses. I certainly would not be selling out the high-yielding shares at this depressed level. HOLD.
Posted at 03/12/2024 07:28 by lennonsalive
OMG reported FY24 revenue of £41.5m, down 6% YOY, and adjusted PBT of £3.7m, down 51%. Net cash at £50.7m. H2 impacted by delayed purchases. Dividend up 18%.
Posted at 04/11/2024 17:09 by boystown
Tipped by Simon Thompson today:

This company's recovery potential is severely underrated

- £5.5mn earnings-accretive acquisition
- £6mn share buy-back programme
- Rated on eight times operating profit estimates to enterprise valuation

Shares in smart sensing and software group Oxford Metrics (OMG: 59.5p) have yet to react to the smart-looking acquisition of Gloucester-based The Sempre Group, a measurement specialist that helps blue-chip manufacturers be more efficient and improve quality – ultimately saving time and money.

Trusted by more than 25 well-known manufacturers including Renishaw, Micro-Vu and Jenoptik, Sempre offers its customers an extensive range of bespoke metrology solutions to address quality and automation challenges in the aerospace, automotive, medical, energy and precision engineering sectors. For instance, customers use its technology for the measurement of wingspans for airliners and measuring compliance and the precision of bone screws and joint implants.

The acquisition is part of Oxford Metrics' drive into smart manufacturing and offers synergies with last autumn’s acquisition of Industrial Vision Systems (IVS), a specialist in developing machine vision software systems. Sempre will benefit from having access, advice and the resources to scale and expand into new markets and geographies, while IVS will gain access to Sempre's established sales and services organisation and benefit from its industry knowledge, customers, products and markets.

Importantly, Sempre’s directors will continue to lead the business forward, and founder and seller Mike John will stay on in a consulting role to ensure a smooth integration. Oxford Metrics is paying a £5mn cash consideration on completion, and there is a £0.5mn contingent earn-out based on performance targets being achieved. That seems fair given that Sempre has delivered annualised revenue growth of 8 per cent over the past four years and reported pre-tax profit of £0.7mn on revenue of £6.5mn in 2023. Current trading is consistent with a further improvement in performance, so the exit multiple of eight times 2023 pre-tax profit is reasonable, as is a multiple of 3.3 times book value.

Immediately earnings enhancing

Furthermore, the deal is immediately earnings enhancing. That’s because Oxford Metrics ended the 2024 financial year with net cash of £50mn (38p), so will be funding the deal from its cash resources. Alongside the announcement, Oxford Metrics also announced a £6mn on-market share buy programme, a sensible use of its cash pile given that it should also be accretive to earnings per share (EPS).

Although analysts at Progressive Equity Research have not adjusted their forecasts ahead of the group’s annual results on 3 December 2024, clearly there is upside to their current expectations of a sharp recovery in adjusted pre-tax profit from £3.4mn to £4.7mn and underlying EPS from 2.2p to 3p in the 12 months to 30 September 2025. A near-11-month contribution from Sempre should add £0.65mn to that profit forecast alone.

It’s worth flagging that Progressive Equity expects the £77.6mn market capitalisation group to deliver free cash flow of £9.6mn (7.4p) from operating cash flow of £10.2mn in the current financial year, so part of the investment in the acquisition and share buybacks will be funded from internal cash flow.

In fact, Oxford Metrics could buy back 10mn shares in issue for £6mn and still have a retained cash pile of £42mn by September 2025 after factoring in the £5mn upfront cash cost of acquiring Sempre, £3.6mn cash cost of a dividend that underpins a 5 per cent prospective dividend yield, and £2.5mn of other investments. However, shareholders are likely to be pressing the board to make further similar acquisitions to accelerate the profit recovery after the recent profit warning (‘Oxford Metrics’ warning hits shares – but all is not lost’, 24 September 2024).

Trading on price-to-book value parity and on eight times operating profit estimates to enterprise valuation, prospects for a 50 per cent-plus earnings recovery in the 2024-25 financial year (after factoring in Sempre’s contribution) is simply not in the price. For good measure, there is positive divergence on the chart, suggesting that the share price has bottomed out and a break-out from a base formation could be on the cards. A close above the 65p price level would be confirmation. Recovery buy.
Posted at 29/10/2024 20:33 by pugugly
Share buyback a destruction of shareholders assets - share price goes down by some 2p rounded, since the start of the programme. Why?
Posted at 29/10/2024 19:48 by rossco
I have previously held OMG.
I almost bought back in in June when an “profits in line” announcement was made and the price fell below 100p.
Fortunately I decided just to monitor the price and with the news in September of profits going to be materially below expectations I have left well alone.
Looking at Progressive’s forecast of PBT of 3.4m I reckon that 70% will be finance income from the hoard of cash.
Can’t say I am impressed with board announcements since CEO was appointed in September last year.
Even the share buyback is not stopping the share price decline.

Going to wait until the next results announcement before making a decision to buy.
Posted at 10/5/2024 14:21 by srichardson8
I do not usually comment on stock price movements without any 'event backing' but I am bound to notice quite a decent recovery in the OMG price from a low of 80 in October 23 to the current 116. That said the longer term trend is pretty much sideways within that range (80->120)so it may be nothing.
Earnings should be available from early June, the new CEO (though very experienced manager in the company)has been quiet and as yet not used any of the large cash balance on any acquisitions. The March 23 interims were outstanding, way above anything before that though boosted by slippage from delayed business from the previous six months. So they will be a tough act to follow.
Just as a reminder the company should still have a relatively huge cash balance of c £60mn which provides comfort now but perhaps a springboard towards a bigger operation in this nche area.
Oxford Metrics share price data is direct from the London Stock Exchange

Oxford Metrics Frequently Asked Questions (FAQ)

What is the current Oxford Metrics share price?
The current share price of Oxford Metrics is 52.80p
How many Oxford Metrics shares are in issue?
Oxford Metrics has 131,439,635 shares in issue
What is the market cap of Oxford Metrics?
The market capitalisation of Oxford Metrics is GBP 69.93M
What is the 1 year trading range for Oxford Metrics share price?
Oxford Metrics has traded in the range of 52.00p to 117.00p during the past year
What is the PE ratio of Oxford Metrics?
The price to earnings ratio of Oxford Metrics is 91.03
What is the cash to sales ratio of Oxford Metrics?
The cash to sales ratio of Oxford Metrics is 1.67
What is the reporting currency for Oxford Metrics?
Oxford Metrics reports financial results in GBP
What is the latest annual turnover for Oxford Metrics?
The latest annual turnover of Oxford Metrics is GBP 41.46M
What is the latest annual profit for Oxford Metrics?
The latest annual profit of Oxford Metrics is GBP 758k
What is the registered address of Oxford Metrics?
The registered address for Oxford Metrics is UNIT 6 OXFORD INDUSTRIAL PARK, MEAD ROAD, YARNTON, OXFORD, OX5 1QU
What is the Oxford Metrics website address?
The website address for Oxford Metrics is www.oxfordmetrics.com
Which industry sector does Oxford Metrics operate in?
Oxford Metrics operates in the COMPUTER SOFTWARE DEVELOPMENT sector

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