Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well that all depends if you are an investor who believes in charts, or if you consider them no better than hocus pocus.
Six month sp, cycle if carried forward , would imply bottom, in April 2024, and top in June 2024.
Today rally, requires sp, to close above 109, which was previous high price, for further progress. Current sp, is close to volatility based upper bollinger band, at 110.46, which usually contains 97% of price movement. Long trrm chart view shows a modly range bound price movement of the equity.
Not sure why this article has only just been published given it’s not new news (unless there is something different behind the paywall). However it’s all good publicity.
https://www.oxfordmail.co.uk/news/24078268.review-abba-voyage-created-help-oxford-tech-firm/
The 50 day MA is heading up and about to cross over the descending 200 day MA in a golden cross that often signals a further upward movement in the sp.
I have been an OMG shareholder since 2008. At present I am showing a positive return. I continue to hold and believe that the OMG has a bright future. For a company trading profitably , no debt and net cash of over £60 million I continue to believe that the market undervalues its prospects. However my brokers, Interactive Investors this year include OMG in it's 5 Aim shares for 2024. That only confirms my confidence. DYOR. Have a good evening.
I disagree. Director share sales have to be taken in context. Simply because they are directors of the company, I thinks it's unreasonable to expect them to have to tie up a susbtantial amount of their personal wealth soley in the company's shares.
You would never suggest that an investor should put all of their eggs into the one basket and yet that's what you expect of directors?!
All of the directors continue to have "skin in the game" despite their recent share sales and most, if not all, of the sales have followed the exercise of options, which are pseudo-earnings.
Instead, one should take comfort from the fact that, despite recent share sales, the likes of Bolton, Roberston & Deacon still hold c2.5m, c1.6m & c970k shares respectively; those aren't insignificant numbers.
As regards the price hike following the auction at the end of Friday's trading, I'd be surprised if the share price was to hold up come Monday morning's opening; the number of shares traded in the aution were relatively small (less than 10k).
Price targets 110, 116,126, from previous trading highs. Unfortunately OMG, chart has not provided grounds through say a congestion to provide fuel for a decent trend to begin. The long term chart reveals a consistent trading range, so the best an investor can expect is to buy at the troughs and sell at the inevitable peaks. The director has not provided any confidence in the equity, through multiple selling . If the director shows no confidence through share sales, there is no reason to expect confidence from investors.
8% rise into the close. Sp at108p, seems others agree with you.
Well spotted. I had mistakenly thought it was tomorrow and was thinking that it was just typical that the sp should drop today when most every other share is in the blue. That said, 99p is a joke. This company is seriously undervalued.
Ex div today.
Hopefully that mad dumping the shares season is over. Why was anyone getting out at around 90p. Panic ?
£68 m cash. Growth stock in a dynamic sector. Low rating seems unjustified.
Maybe with news circulating further, the SP will pick up
https://www.uktech.news/news/investment-news/motion-capture-oxford-metrics-revenue-20231205
Yeah I agree Trotsky and I think that encourages investors to just jump from one share to another, due to a loss of patience.
Thank god they didn't issue a profit warning, otherwise everybody would be selling! Oh, but they are ;-)
This market is totally bonkers; the better OMG's results get the lower the share price goes! If there was even a sniff of a potential buyer the share price would probably double (at least). There is something fundamentally broken in the UK markets and companies are trading for a song (which could solicit unwanted opportunistic bids).
Write up here………..
https://www.voxmarkets.co.uk/articles/oxford-metrics-drivers-to-growth-and-catalysts-for-rerating-cab8960/
Thanks for response but I don’t interpret reference to the last 6 months in the way you do.
“ Attractive financial profile: The business has a profitable track record over the past five years, driven by an average annual growth rate in revenues of 6%. In the year ended 28th February 2023 the business reported unaudited revenues of £3.4m and an EBIT of £0.8m. Trading over the past six months is consistent with delivering a further improvement in performance. The acquisition is expected to be immediately EPS enhancing.”
I read that as just saying in the last 6 months, they have continued to increase revenue & profitability, as they have proven to do in the past.
10 x Ebitda and the reference to trading improving in the last six months are my reasons. I wouldn't hang my hat on that short-time frame. These acquisitions can betransforming. Unfortunately that can be in the making or breaking sense. I hate when an investment diverges when it's core is doing well. Risky as it is distracting. But glad to see the SP rise all the same so maybe the market disagrees.
Could also be that there is one or more other acquisitions in the pipeline that tie-in. We know they have plenty of financial firepower still in the bank.
I wasn’t expecting the SP to explode North today (and am sure you weren’t either) but I do think this acquisition will in reasonable time, prove both complimentary and add value. One thing I particularly like about IVS, is the business they have carved out with household name / blue chip companies. That business wouldn’t come through the door continuously, if the products, support and management (being kept on) were not high standard. More doors will open I believe, leading to that value-add.
But as you say Trotsky, we will see.
Other considerations aside, it would seem that the seller(s) is/are back. I wouldn't be wholly surprised to see this morning's early gain pared back later in the day. It's all a bit galling.
I'm not saying there aren't synergies. I'm just saying that the synergies aren't as "transparent" as you suggest from the RNS. I think the company could have spelt out the benefits better in the RNS.
As far as I'm aware, OMG's current engineering offering is built around design and modelling, rather than real-time manufacturing. On the other hand, it would seem that IVS's current offering is built around not-intrusive, real-time inspection. They're not necessarily complimentary but, that said, it would appear that OMG sees a business opportunity to augment IVS's existing static sensing with its own dynamic sensing. I'm not exactly sure what that would mean in practise; I have a vague idea but I'm not sure how much larger the addressable market would be (it sounds a bit niche).
It’s always good to hear different angles. However, I’ll go with what the Company is saying re strategic synergies.
“ Expanding market opportunities in smart sensing: by leveraging the Group's platform, IVS will have the access, expertise and resources to scale. There are clear opportunities to expand its geographic footprint and grow its IP-rich static technology offering with prospects to benefit from Vicon's dynamic sensing.”
"Strategic synergies seem very transparent"
On the face of it I don't thinks it's at all transparent. For starters OMG and IVS seem to operate in different market sectors with (seemingly) different requirements and little or no apparent crossover. IVS's 6% annual organic growth looks pretty anaemic (albeit better than no growth or sales in decline). One would assume that OMG sees the opportunities to cross-sell and grow both businesses although how the engineering modelling features of the one and the manufacturing inspection features of the other are complimentary is not abundantly clear from the RNS.
Clearly OMG has cash resources that could potentially create expansion opportunities for IVS that it would not currently be able to pursue as a standalone company. Also, being part of a bigger, financially sound group could create additional sales opportunities for IVS (some businesses are reluctant to deal with small suppliers).
We'll have to see but I certainly hope that OMG is not buying IVS with a view to just maintaining its existing sales growth.
Paying 10x EBIT does look (slightly) expensive when you consider that OMG, as of this morning, is currently valued at only c8.5x forecast FY23 PBT (after you strip out its cash pile).
Https://businesscloud.co.uk/news/oxford-metrics-plc-senses-value-in-8-1m-swoop/