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OMG Oxford Metrics Plc

64.70
0.00 (0.00%)
Last Updated: 13:39:57
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
  0.00 0.00% 64.70 77,563 13:39:57
Bid Price Offer Price High Price Low Price Open Price
63.80 65.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 44.24M 5.66M 0.0430 15.05 85.04M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:54:56 O 15 65.00 GBX

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Date Time Title Posts
04/11/202417:09OMG - Global leader in Motion Capture Systems just Ј10m1,861
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) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:54:5765.00159.75O
12:48:0365.0042.60O
12:47:2164.635,0003,231.51O
11:15:2664.631,8001,163.34O
10:58:0164.647,7294,996.03O

Oxford Metrics (OMG) Top Chat Posts

Top Posts
Posted at 18/11/2024 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 64.70p.
Oxford Metrics currently has 131,439,635 shares in issue. The market capitalisation of Oxford Metrics is £85,041,444.
Oxford Metrics has a price to earnings ratio (PE ratio) of 15.05.
This morning OMG shares opened at -
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 31/10/2024 09:20 by rivaldo
Nice - J O Hambro Capital Management Limited have been buying and taken their stake above 3%, with 4m shares:
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 12/9/2024 15:13 by nchanning
Broker did say just in June that OMG has more than 90% visibility on full year revenues , year end cash pile of 59£ million . Even if you get a profit warning now it's unlikely to be a big one with that kind of visibility how low can the price really go ? The enterprise value has gone from 90m to 50m with the only news being an inline update with no changes to forecasts . If you wake up to a bad profit warning RNS saying revenues marked down from 49m to 44m and PBT from 8m to 5m , surely you'd say that's in the price already ....
Posted at 09/9/2024 10:59 by nakedmolerat
i am looking at this again because of the price. mcap at 103, half of that is cash.

right, interim results from july

revenue up, profit down, dividend increase, cash down, but they did make purchase if i remember and is that included or is the divi eating the cash?

the problem for me is the order book, h1 fy 2024 3 million v 2023 11.3 million
it's below the 200 moving average and could fall past the current point at where it has been before
income fell from games

in the interim they state

Oxford Metrics is well placed to deliver full year results in line with current market expectations.

so, inline, but what is fy 2024 forecast?

i'm fraid it's no from me for investing here until i see buyers, which will come on order book or purchases.

thoughts?
Posted at 04/8/2024 13:35 by cowie19
I used to hold this but has gone very quiet recently share price not great recently. Needs a catalyst.
Posted at 23/5/2024 13:45 by nchanning
Don't think any investor wants them to spend 60 million on an acquisition . An occasional bolt on for £10 million is likely to be done at a much more attractive multiple . Immediately returning 30-40 million by tender offer at 120p a share required
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.
Posted at 12/5/2023 08:20 by mammyoko
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
Oxford Metrics share price data is direct from the London Stock Exchange

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