Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Probably not worth a huge amount, but if successful for the council could well see other councils implementing.
I have no idea to what extent they are working on this, I would assume it would be with a partner if they are but if they ever translate their lead in the VR field in to a product for the home, that could be used in conjunction with a games console the potential would be enormous.
Something for the future and as 42trader points out a more than sold business at a sensible price even now.
While I have had a sp target of 90p for a long time I see no reason to sell at this price now.
P/E is 20.7 vs industry average of 18.6. - Slightly higher than the average but this is not uncommon for a growing stock.
OMG has a magic formula rating of B+
It also passes 3 screen tests:
1.Dividend achievers- not a massive dividend but a progressive dividend.
2.Piotroski F score. https://www.stockopedia.com/content/the-piotroski-f-score-a-fundamental-screen-for-value-stocks-55711/
3. 52 week high momentum screen. - A share that shows a upward movmenet of the share price.
http://www.chartupload.com/viewer.php?file=07439333161792494891.png
As shown, the chart shows a good upward movement over time.
May be worth the gamble of selling at 90p and trying to buy back at 80p but the recent news of the partnership with Sandbox VR could possible be a very big deal and VR tech is a growing industry.
Having clearly broken out of the resistance level at approx. 81p I wouldn't be surprised for it to break out above the top trend line and start a new upward trend channel.
IC View
Being a market leader in an area that could see rapid growth offers significant potential. The cash position means Oxford Metrics should be well positioned to capitalise on the opportunities that emerge, although the opportunity may also attract competition. The shares are not expensive given the potential growth on offer, with a cash-adjusted PE/growth (PEG) multiple sitting at an undemanding 1.2 times. Buy.
Last IC View: Buy, 71.5p, 4 Dec 2018
Today's rns will likely add value here.
GLA
N+1 Singer view
CORPORATE
22 February 2019
Technology
Current price*: 82.00p Mkt cap (£m): 102
Oxford Metrics released a brief AGM statement yesterday afternoon highlighting a positive start to the new financial
year. Based on trading performance to date, management see traction as consistent with achieving FY’19 market expectations. In line with previous years, the group’s revenues are expected to be second half weighted, yet we are encouraged by management comments regarding strong pipelines building across the business. Management remain on track to deliver on its strategic goals of doubling profits and tripling recurring revenues by FY’21. We make no changes to forecasts, and expect group revenue growth of >10% y/y (constant currency) to continue through FY’19.
Event
Oxford Metrics released a brief AGM statement yesterday highlighting a positive start to FY’19. Based on current trading performance, management believe that trading is in line with market expectations for the full year. Group revenues are expected to be second half weighted as in previous years; we are encouraged by management comments regarding strong pipelines building across the business.
Impact on earnings & valuation
We are not making any changes to our forecasts on the back of this announcement. The shares trade on a Dec’19 EV/EBITDA multiple of 10.8x, which we see as attractive for an IP-rich company with a strong record of value creation and cash generation. Our SOTP model (using 15.4x and 26.0x PER for Vicon and Yotta respectively) results in an intrinsic value of 90p, offering further upside to investors, with the potential for further accretion from bolt-on acquisitions.
N +1 Singer have not give a target price but have given an intrinsic value of 90p.
Best I can tell other than the house broker (N+1 Singer) no one is covering the stock and they do not give a specific price target. That said at the current share price they have forecast P/E of 22.16 x 2019, 16.73 x 2020 and 13.67x 2021 if that is any help.
Do anyone following this stock have access to any analyst data, looking to find out what the consensus is for a target price please.
I see the naked trader is still in here. Has a target of 85p which he would of hit months ago and didn’t sell. So he obviously thinks this has legs still.
Indeed looking positive, that and the non-exec director purchase before Christmas.
Dividend in March should help push up the price too, but we really need more good news from the company on contracts and profitability.
Nice buying going on this morning.
Agreed. Quality result from a quality company.
Over the next few months I'm looking for 90p (top of trend line).
The dividend with the special divi will be about 3.5% at current share price of 72.5p
As promised by the company, a progressive dividend policy is in place and being met. This will likely grow again next year.
Special divi - ex divi date 14/12/18 paid on 25/01/18
Normal divi - ex divi date 14/12/18 paid on 07/03/19
Most investors who post on lse are into the companies that they hope will multi bag but are not making profit unlike OMG who is profit making but will not be a multi bagger. The difference being, most will loose money but those in OMG will steadily see their investment grow which includes a dividend.
Good results:
on target for their 5 year plan to triple revenues and double profit at the end of year 2 where they are currently at 42% increase of profits at end of year 2. So their target in the next 3 years is now to increase by another 58%.
Revenues in year 2 have increased by 8.6%
Profit increased by 32%
OMG has cash of £12.229m an increase of 33.1%
The NAV of OMG is £29.229m (approx 33% of market value)
PE of 26
With these results and the special divi of 1p on top of the 1.5p divi both on ex divi date of 14th December OMG should see a nice rise start again.
Technicals of the company are good too.
The chart shows OMG are within a growing upwards trend line having previously shot out of it and spent some time consolidating after a pull back, keeping within the upward trend.
http://www.chartupload.com/viewer.php?file=16791041930043724194.png
I am amazed that this stock does not get more attention ..... Globally they "own" a fast growing product category, management is good, governance is good, they communicate well to shareholders .... what is not to like. You can quibble over the valuation ..... but as a wiseman once said "better a fair price for a great company than a great price for a fair company".
I use Iweb. Trade it fine with them.
Dear investors of OMG,
I currently use InteractiveBrokers and, unfortunately, it is not possible to invest in OXFORD METRICS PLC (ISIN GB0030312788) using this global broker because it is traded in particular trading segment (ASX1) that the broker has no access permissions
Could you inform me what brokers I should use to invest in this company? And please provide other information how I can invest in it.
Thanks!
Hi, does anyone have details of broker views please? I’m wondering what their forecast is for the share price. Thanks.
Yes, that�s what I figured too after that RNS came in later. Good to see II increasing. The dividends good too and seems to be off the radar for day traders so it�s usually a nice steady climb, no volatility. Good to witness s/p getting back on track. GL
Considering the low of 52p for the year omg is nearly 50% up year on year so i would say the recent drop was just profit taking. What ive found surpising though was there has been no holding rns for sells, suggesting the drop had come from private investors. To add to this, there was a holding rns for an II increasing their holdings by 5%. Is it possible then that the price was dropped to allow this II in lower? Normally a 5% increase by an II would take the price up. There is how ever not a massive amount of shares available. Very promising imo to see II buying and not selling.
Any idea why this has continued to drop when the RNS was so positive, IMHO.
Loving this company and the people involved with this business. Just bought in today as a long term hold, missed the big rise so far which is a shame but I think this company is a real gem. Shame I wasnt here sooner!
Quiet ones are often the best :)
Just loving this share. Nice quiet board but probably been one of the safest shares to be in. What im wondering is is it Strategic Equity Capital plc loading up because someone certainly is. Gla