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Further patience needed it seems...
"The Group now intends to publish its results for the six months ending 30 June 2023 (the "Interim Results") on 25 September 2023. The new Board is undertaking a review of the Group's key strategic focus areas and initiatives and the revised date will enable it to provide a more comprehensive update on these, alongside the Interim Results.
As highlighted at the AGM trading update in May, the Group expects the Lighting segment to deliver revenue growth in the first half of the year offset by a significant decline in Signal and Components revenue following the cyclical downturn in the opto-electronic market. As expected, the impact to H1 margins of the prior year supply chain disruptions will result in a depressed H1 trading performance relative to the prior year, with the outlook for FY23 being significantly second half weighted."
Good progress and prospects, but further funding needed, for which options being considered. The note suggests the fundraise "could come from a licensing/product acquisition transaction or share offering."
So, still a way off turning a profit, though margins should be good once it does.
Me, too, though I jumped in a bit too early for my first chunk. It's been tempting to lose patience and jump out again, but now I'm glad I didn't as the theory is now paying off and in the meantime, OSB has been steadily carrying on with the planned share buyback which will have been benefitting from the artificially low prices since the 7th.
4 Aug 6m update last year, so hopw similar this year. Directors large buys on price dip to c.180 and sharebuyback confirm their belief the March dip re weighting to H2 was way overdone. At 170p, this looks a bargain at P/E 11.54 for a strong order book and track history of delivery.