Overall it was a positive day of BUYS, pity the last few trades were SELLS. For long term investors, in a year's time 1PM will be much higher with the announcement of a dividend payment. Next few weeks should be interesting, I am confident the open offer for shares will be taken up by shareholders, given that the closed offer was oversubscribed by the institutions.
Considering this company was making a loss 4 years ago. To make a £1.3 million profit on revenues of just 4.2 million is very impressive. Disappointing that they are diluting but, with a clear plan to grow the business further and an intention to pay out dividends at the end of this financial year, they are clearly on their way to big things. I just wish I had more to invest here. The SP is already not far off recovering from the news this morning as people are realising the potential here. All it needs is a bit more publicity (which I think £1M+ profits will eventually give it) and OPM will be edging close to the £1 mark
I thought exactly the same, it would have been better to announce the share options at a later date. That way the discount would have been even bigger (based on a 80-90p following the excellent results today).
The results on their own make for impressive reading and the share price should continue to rise. It's just a tad annoying that to continue to grow the company it keeps diluting the shares.
I'll be taking up the option to buy more shares at the discount price because the future of 1PM continues to look bright.
"Given the strength of the 2014 results and the Board's confidence in the Company's future prospects, the Board intends to pay the Company's maiden dividend as a final dividend in respect of the year ending 31 May 2015."
The SP will be back up in no time (im already being quoted over 64p to sell which I wont be! It's the huge profit the company is making and the mention of dividends at the end of this financial year that are keeping me in!
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