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And there's the bid today with a cash offer of 55p.
Orca bought 30.5m @ 55p taking their holding to 81.7%. They're bound to want to purchase the outstanding shares and are clearly willing to pay at least 55p for them. A decent opportunity to buy a fair bit cheaper than this after the recent profit taking. 46.5p to buy today. http://uk.advfn.com/news/UKREG/2015/article/68703243
Must have just sold for a 50% premium. Can't be an aggressive takeover due to enough being owned by the single large holder to block so perhaps an approach is coming?
Thats a big buy!
27 January 2014 OPSEC SECURITY GROUP PLC ("OpSec" or the "Company") Funding Update Further to the Company's interim results announcement on 20 December 2013 which gave details of a technical breach of one of the Company's financial covenants set against the 30 September 2013 interim results ("Technical Breach"), the Company is pleased to announce that it has reached agreement with its banker, JP Morgan Chase, on the forbearance of the Technical Breach. The Company's financial covenants will next be tested against its financial results for the year ended 31 March 2014 in accordance with the Company's usual covenant testing schedule. The Company continues to consider its long term funding options and will make a further update in this respect in due course as appropriate. - Ends -
OSG are on track to make £5+m this year. In 2006 profits were also ~£5m but sp was ~100p. Would expect a revaluation sometime in the near future. Herald will expect a return on their £10m investment and will be looking for an sp >100p
Prospects Given the order patterns of certain key government customers the second half of the financial year is not expected to be as strong as the first half of the year. However, the impact of the acquisitions noted above and the additional investment we are making in sales and marketing are expected to bring significant benefits over time.
· Adjusted operating profit up by 115% to £3.1 million; · Group revenue increased by 28% to £25.5 million; o Government Protection revenues by 45% o Brand Protection revenues by 20% · Net cash inflow from operating activities increased from £0.2 million to £4.9 million; · The Delta Labelling acquisition contributed revenue of £2.4 million and operating profit of £0.6 million; · Acquisition of the holographic security business from JDSU for an up-front payment of $11.5 million completed in October 2012; and · New funding arrangements agreed with JP Morgan Chase.
Opsec Security Group (OSG), the supplier of anti-counterfeiting technology, revealed a 28% rise in group revenues to 25.5 million pounds and a 115% surge in operating profits to 25.5 million pounds. This strong performance reflects the strong ordering from our customers in the government protection sector and the impact of the acquisition of Delta Labelling earlier this year. The shares were up 1p to 45p
OpSec Security Group, a supplier of anti-counterfeiting technologies and services, has agreed with JDS Uniphase to purchase its New Jersey-based holographic security business for an initial consideration of $11.5m. A further consideration of up to $4.0m could become payable depending on whether certain performance conditions during the 12 month period after completion of the acquisition are achieved. The purchase will be funded using exisiting cash resources and additional bank facilities with JP Morgan Chase.
JDSU- a $3billion US company has grown its authentication solutions business .See www.nasdaq.com : symbol JDSU,and scroll to news and commentary.An observer notes that anti counterfeiting could be a big growth business in future years. Can the current OSG management if beefed up with more competent executives take advantage of market opportunities ?
Looks as if Herald ,other fund managers & investors other than Investcorp hold between 35- 40% of OSG..Herald increased their investment from about 10 % to ~23% once Investcorp announced their bid. It would seem that Herald wish to maximise their return on investment and will go along with current situation until they see a substantial return on their investment...so patience may be required.Investcorp also see value in OSG ,hence takeover proposal.They control over 50% and I expect them to substantially increase shareholder value over medium term.Counterfeiting is big business. Those who have held so far may wish to see a better return on investment....but DYOR.
what happens if the takeover bid is rejected. can anyone enlighten me on this subject
Massive BUY just appeared.
can anyone tell me what happens next ,as i am new to share dealing .BOBBYJACK
What a result bought 5k worth yesterday -)
http://moneyam.uk-wire.com/cgi-bin/articles/201104270755125195F.html
Following recent share price movement, Opsec Security Group (OSG), the anti-counterfeiting and brand protection management solutions firm, confirmed that it has received an approach which may or may not lead to an offer. It added that there can be no certainty that any such offer will be forthcoming. Shares in Opsec, whose customers include over 50 governments and 300 global brands, gained 4.75p to 27.75p.
Opsec Security Group (OSG) expects results for the full-year to be in-line with management expectations, the supplier of anti-counterfeiting technologies and services announced following a strong trading performance in the second half. The group added that it has generated strong operating cash flow which has been used to re-invest in the business and repay some of its borrowings.
Not much change in OSG...had to bring in Investcorp and forfeit a chunk of the company as RBS were about to call in their loans,Same directors but with new blood from Investcorp .Would question why instit investors would want OSG in their portfolio ??...no growth,no dividend...only people making money on this one are directors...salaries...pension pots...share options accumulating year on year
One of four companies found on my share screener... I'm tempted by OSG... I like what they do, this could be a good recovery share after the problems of last year ( has double since march 09) -Global leader in providing anti-counterfeiting and brand protection solutions (according to website) . -OSG have many government and high profile business contracts. -53million shares issued ( potentially up to 22.6 million new shares to be issued at future dates due to capital investment by InvestCorp) - have recently had a big capital injection But.... there is some downside - missed certain targets last year, was that a one-off or a sign that other companies are stealing market share? - I'm not to sure who OSG are competing with for contracts, many security companies are privately run ( any help appreciated) - Director pay...hmmmm I'll have a good read up on OSG over the weekend and hopefully come to a decision early next week. Any help will be appreciated .
The current board and management team have had every possible opportunity to get this company on the right tracks and CHANGE IS DESPERATELY NEEDED. For years now the board has demonstrated poor judgement in the market place and hid behind `weak management ` and `re-organisation` excuses to mask their own incompetence. Why have the constant stream of mangement `improvements` over many years and the much heralded re-structuring not resulted in the shareholders getting a decent return on their investment?????? Change is needed and fast.
I agree with you monet; as a past employee i know just how you feel. the directors are lining there own pockets at the expence of the shareholders
Most of the the current board have presided over the demise of this company. Shareholder value has plummetted.These directors command very high salaries for a small company and have enjoyed numerous share options packages. Looking at annual statements they also promise jam tomorrow but this never materialises.Think its time that shareholders took action and replaced some directors with ones that would create shareholder value ?