Thanks CW.
Reckon the key words there are “busy schedule of partnering meetings”. That implies meetings with industry players are already in the diary and consequently, more exposure guaranteed.
From the Half Year Report 25/09.
“and as expected, we will be launching newly developed products in the second half of the year and increasing our distribution points in the UK, which will both contribute to the expected stronger revenues in H2”
Nothing new yet on the website, as far as I could see.
There are far more intelligent robots to ask for an accurate response.
https://www.youtube.com/watch?v=uJA0G_nw1e0
ChatGPT 1984 style………
Cleaning Man at Flophouse: Hey, buddy. You got a dead cat in there, or what?
[the Terminator visualizes: 'POSSIBLE RESPONSE: YES/NO; OR WHAT?; GO AWAY; PLEASE COME BACK LATER; FCUK YOU, A55hole; FCUK YOU']
The Terminator: FCUK you, a55hole
Based on 2022 timings, we should also see Notice Of Results soon, for the 6 months ended 31st Oct and the results themselves, in the first half of December. That will hopefully underpin the “in-line” statement from the Company and as a consequence, fuel more upwards momentum into 2024.
Thanks for response but I don’t interpret reference to the last 6 months in the way you do.
“ Attractive financial profile: The business has a profitable track record over the past five years, driven by an average annual growth rate in revenues of 6%. In the year ended 28th February 2023 the business reported unaudited revenues of £3.4m and an EBIT of £0.8m. Trading over the past six months is consistent with delivering a further improvement in performance. The acquisition is expected to be immediately EPS enhancing.”
I read that as just saying in the last 6 months, they have continued to increase revenue & profitability, as they have proven to do in the past.
Could also be that there is one or more other acquisitions in the pipeline that tie-in. We know they have plenty of financial firepower still in the bank.
I wasn’t expecting the SP to explode North today (and am sure you weren’t either) but I do think this acquisition will in reasonable time, prove both complimentary and add value. One thing I particularly like about IVS, is the business they have carved out with household name / blue chip companies. That business wouldn’t come through the door continuously, if the products, support and management (being kept on) were not high standard. More doors will open I believe, leading to that value-add.
But as you say Trotsky, we will see.
It’s always good to hear different angles. However, I’ll go with what the Company is saying re strategic synergies.
“ Expanding market opportunities in smart sensing: by leveraging the Group's platform, IVS will have the access, expertise and resources to scale. There are clear opportunities to expand its geographic footprint and grow its IP-rich static technology offering with prospects to benefit from Vicon's dynamic sensing.”
Https://businesscloud.co.uk/news/oxford-metrics-plc-senses-value-in-8-1m-swoop/
What makes you think they overpaid?
It’s been a very long wait since the sale of Yotta back in May 2022. Months of due diligence no doubt and the strategic synergies seem very transparent. An exciting acquisition imo.
Great news and thanks Berm.
Could it be then, that Guys & St Thomas’, Southampton and Royal Free, were waiting for data readouts at a level that gave them the confidence needed, to commit everything that will be needed to begin recruitment?
Something appears to be building up nicely and a catalyst for volume of data in 2024 - aligning to statements made in todays Results RNS.