Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Predictable good news. Surprised the sp remained so low for so long.
Now they are the kind of results you want to wake up to. Bought a few more yesterday hoping for decent results and not disappointed to say the least. A great UK company with a world leading patent protected IP across several sectors and still with masses of cash for future investment etc.
Agree - outstanding.
Particularly like the robotics opportunities within the engineering division, given the current drive for AI. Also they are clearly very fussy who they are looking to acquire and the price they will have to pay.
Rock solid update.
Outstanding set of half year results -EPS for 1st half 2.5p. 70% increase in revenue and order book. £64m cash.
I’m a little surprised there has been no M&A action this year to date, given the large cash pile they are sitting on. That said, perhaps there have been no opportunities, at the right price.
6th June will reveal how far the “record order book” has translated into confirmed sales and cash on the bottom line (keeping in mind 2nd half of year weighting typically).
Given the supposed "strong institutional demand" for shares in OMG (which doesn't really seem to be reflected in the share price), one has to wonder why OMG doesn't give some thought to buying shares in the open market with a view to bundling them up to sell on to institutional investors. Utilising only a few £million of their net cash they could effectively "rinse and repeat" several times; they wouldn't need to make a profit (just cover their costs) and it could help set 110p as the bottom of the share price range rather than the top as it's currently. Just a thought.
Plus of course £67M cash still sitting in the Bank.
A good stock to be in this I think
Looking good here. Very transparent & confidence backed statement to the market around current and future performance. Divi paid 23/02 for qualifying holders.
Haha it is a quiet board... You're probably right.
The main reason I invest here is that I am a satisfied customer - great product and great company. Merry Christmas!
Not sure it’s the major factor but you need to be in here for 30th Dec to qualify for the Feb 23 Divi. It could be related to that, at least in part.
Or it could be just our posts here Dave lol
Whatever the reason and as previously posted, getting in here under a quid, is now unlikely.
Lots of buys over the past couple of days ... Higher volume than usual. 110p paid. Something in the offing?
Not forgetting of course, the significant divi increase. A one time only opportunity to get in under £1 I would have thought.
Completely agree - growth industry, excellent team, good cash coverage. No brainer to me from a risk reward pov. Doubled my holding.
A very healthy set of Preliminary Results and forward looking expectations. Also, almost certain to be some M&A news in the next 6 months IMO. They’re not just going to leave £67M in the Bank. Very encouraging.
Can anyone shed any light on those huge trades from Friday/Today please?
Be interesting to see then on 06/12, just how much of a dent has been made by the supply chain constraints reported in the 27/09 RNS.
Hopefully smaller than anticipated and still of course sitting on a very large cash pile.
Nice to see some more big buys coming through.
I would hope to see the board start topping up if the share price stays at this level for a few more weeks.
Fundamentals remain the same.
Hah! It's appeared as a sell :-D
I've topped up with another 12000 shares, trade not showing yet. I bought in a few years ago at this price, OMG will ride the current financial crisis, confident that my money is safe there.
Well the the timing of the Trading Update was as predicted.
Unfortunately it is not good news and that will no doubt be reflected in the SP.
Let’s hope something comes like it did forRPS shares
Quiet here currently but would expect a Trading Update and/or M&A news, wouldn’t be too far away now. Inside the next 8 weeks is a reasonable expectation I believe and so if I’m correct, not long to wait.