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Excellent rise today. Yesterday's rise took OMG out of it's trading range and saw it retrace back to the trend line. Today's rise is showing a bounce of that previous top trend line which now acts as support and the bottom of a new trading range. Onwards and upwards from here. Recap of this share: BOD bought in recently at 42.25p Broker target of 218p, though this is an old target of 2015. Profit making with a PE under 15. Progressive Dividend policy paying back £16.8 million to share holders in the last 2 years. Holding of cash has increased from £8.4m to £11.1m in the last 6 months and from £5.8m in the last year. 5 year plan to move company forward. "In this way, our five-year plan will see the Group accelerate the returns from the markets it serves. By acting now with these targeted investments, we aim to establish or maintain dominant market positions and achieve higher levels of profits in the mid-term than we would have seen without these actions." "Our path ahead is clear – we must drive growth by amplifying our core strengths and capabilities across our core products, our core markets, our core customers and our people. In this way, we aim to achieve two challenging but realistic objectives: by 2021, we aim to double Group profit and to triple those revenues which are recurring, predictable and ideally contracted. But we do not plan to take risks in new areas. We want to amplify our core strengths and make our two existing businesses stronger and better." Interim results show: "Group Revenue of £12.9m, up 17% (H1 FY16: £11.0m) - record first half performance" "Good progress towards strategic goal of doubling profits and tripling recurring revenues by 2021" This share is clearly heading in an upward trend, with goals set that are being met, while having an increased cash position and paying a progressive dividend, which means they will increase the dividend yearly inline with increases in earnings. Nothing I can see to dislike about this share. Until a time where it misses it's targets or some negative news comes out, then this will continue to climb. As with all shares though, you need patience. gla
are you a complete idiot ....??? filtered
Off you go then Costello. Your contribution to this board of Wasters is amazing! Someone is loading up or its bod buying. Either way I see nothing bad about this company. Just have to wait and hold.Ill stand by what i said in January: "So what's not to like about this share? BOD bought in recently at 42.25p Broker target of 218p, though this is an old target of 2015. Profit making with a PE under 12. Progressive Dividend policy paying back £16.8 million to share holders in the last 2 years. Holding cash of £8.4 million. "Going forward we anticipate making investments to grow both Vicon and Yotta. On the basis of the currently identified organic investment opportunities we do not anticipate any need to raise new funds from equity or debt." 5 year plan to move company forward. "In this way, our five-year plan will see the Group accelerate the returns from the markets it serves. By acting now with these targeted investments, we aim to establish or maintain dominant market positions and achieve higher levels of profits in the mid-term than we would have seen without these actions." "Our path ahead is clear – we must drive growth by amplifying our core strengths and capabilities across our core products, our core markets, our core customers and our people. In this way, we aim to achieve two challenging but realistic objectives: by 2021, we aim to double Group profit and to triple those revenues which are recurring, predictable and ideally contracted. But we do not plan to take risks in new areas. We want to amplify our core strengths and make our two existing businesses stronger and better." https://www.oxfordmetrics.com/investors#scroll-annualreports"
And what was the brokers "target" for fit bug? Wasters.
You mean selling clown. If they are go up sell.!!!
Er. No.
looks like a solid buying opportunity here
Need I say more?
So what's not to like about this share? BOD bought in recently at 42.25p Broker target of 218p, though this is an old target of 2015. Profit making with a PE under 12. Progressive Dividend policy paying back £16.8 million to share holders in the last 2 years. Holding cash of £8.4 million. "Going forward we anticipate making investments to grow both Vicon and Yotta. On the basis of the currently identified organic investment opportunities we do not anticipate any need to raise new funds from equity or debt." 5 year plan to move company forward. "In this way, our five-year plan will see the Group accelerate the returns from the markets it serves. By acting now with these targeted investments, we aim to establish or maintain dominant market positions and achieve higher levels of profits in the mid-term than we would have seen without these actions." "Our path ahead is clear – we must drive growth by amplifying our core strengths and capabilities across our core products, our core markets, our core customers and our people. In this way, we aim to achieve two challenging but realistic objectives: by 2021, we aim to double Group profit and to triple those revenues which are recurring, predictable and ideally contracted. But we do not plan to take risks in new areas. We want to amplify our core strengths and make our two existing businesses stronger and better." https://www.oxfordmetrics.com/investors#scroll-annualreports
Chairman's latest comments underline emphasis on a more streamlined business focused in 2 main areas with specific action points and milestones to track eg higher recurring revenues at Yotta
TRADING UPDATE Wed 19 Oct 2016 07:00 RNS Number : 8801M OMG PLC 19 October 2016 19 October 2016 OMG plc ("OMG", "Oxford Metrics", or the "Group") Trading Update Oxford Metrics (OMG plc LSE: OMG), the technology group providing products and services for the life sciences, entertainment, engineering and government markets, provides the following update on trading for the financial year ended 30 September 2016. The Group enjoyed a successful close to the financial year and expects to report revenues in excess of £29.0m (FY15: £25.8m), ahead of market expectations, and Adjusted PBT in line with market expectations, having excluded the write-off of £1.5m capitalised R&D treated as an exceptional cost relating to the decision to discontinue OMG Life described below. Our Vicon business, with its recently refreshed products, has performed very well this year in all geographies. Furthermore, Vicon has also benefitted from the recent increase in the strength of the US dollar vs. GBP, with an average of 50% of Vicon revenues generated by Vicon's US operation. Yotta has continued to benefit from a strengthened recurring software revenue stream in the UK and in international markets. Notable wins secured in the UK at Plymouth, Gateshead and London Borough of Havering, in the Netherlands at SAAone and with the recently announced extended relationship with Amey Plc to deploy Horizons at customer sites in UK, Australia, New Zealand and Spain. Following extensive analysis during the financial year, the Board concluded it should discontinue OMG Life in order to focus the Group's resources on Vicon and Yotta. OMG Life had been focused on deriving value from the Company's portfolio of Intellectual Property (IP) through the deployment of third-party consumer products. At the Group's Interim Results in May, the Board stated its intention to spin out certain IP, relating to Machine Learning-based imagery classification. This process has now completed, with the IP transferred to a new, independently funded vehicle, called Pimloc, in exchange for a 25% stake in the new company. The cash balance for the year closed at £8.2m (FY15: £11.7m) after the payment of special and final dividends totalling £5.3m during FY16. The Group expects to announce Preliminary Results for the financial year ended 30 September 2016 on Tuesday, 6 December 2016. ENDS For further information, please contact: OMG plc +44 (0) 1865 261800 Nick Bolton, CEO David Deacon, CFO FTI Consulting +44 (0) 20 3727 1000 Matt Dixon / Emma Appleton / Harry Staight N+1 Singer (NOMAD to OMG) +44 (0) 20 7496 3000 Shaun Dobson / Jen Boorer Notes to Editors About Oxford Metrics Oxford Metrics (OMG plc. LSE: OMG) produces technology and software for the life sciences, entertainment, engineering and government infrastructure markets. It does this th
Some intriguing changes to this business give reasons for a more positive view : Sale of defence business last year and return of cash Change of emphasis to exploit IP via partners rather than persist with ( relatively risky) direct to consumer products Maintain global leadership in motion capture technology via judicious and consistent R&D Develop higher levels of recurring revenues in the Yotta subsidiary - nice RNS re Amey last month Adding at this level
new contract. thoughts?
Or some more shares, make your choice. Dyor
movement?
2 buys of £147k and 84k. Wish id noticed! ;)
Agreed - looking into it but probably too late. Someone bough £120k yesterday pre close - got the tip it seems... nice if you are in the know!
Very nice - hence 10% up pre market Net cash proceeds from the Disposal are expected to be at least £11.3 million or approximately 10 pence per OMG share, compared to the closing price per OMG share of 41 pence on 9th April 2015. On account of OMG's already healthy net cash position, the Group will return a significant portion of the net cash proceeds to shareholders via a special dividend. A sum of £5.1m, representing 45% of the net cash proceeds will be used to pay a special dividend of 4.5 pence per share. This will be paid on 15th May 2015, following an ex-dividend date of 23rd April 2015 to all shareholders on the register on 24th April 2015.
Very nice RNS: · Sale of 2d3 to Insitu Inc., a subsidiary of The Boeing Company, for $25 million (approx. £16.8 million) in all cash transaction · Profit before tax of the transaction $16.4 million (approx. £11.0 million) · Transaction price represents a significant premium over the Group's current EV/EBITDA ratio · Net cash generated from the transaction $16.9 million (approx. £11.3 million) · 45% of net transaction proceeds to be returned to shareholders via an initial £5.1m special dividend · Reduces volatility of Group revenue and profit streams and enhances future visibility of earnings
should they ever wake up and decide to get rid of OMG Life! Autographer is the most pointless thing ever and it makes me cringe at the thought of how much money they've put into it.
Nice contract win. Not investing until they cut their losses in OMG Life myself.
OMG plc, the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, will announce its interim results for the six months ended 31 March 2014 on Wednesday 4 June 2014.