Having got kicked by Carillion in the past week or so, have decided to lower my risk profile and have sold my 12,000 share holding today. Made a healthy 25% profit over 2 years so happy with that. Switched the proceeds into an initial purchase of Playtech. Wise? Time will tell. Good luck all still holding here and bye for now...
The RSN has a tantalising mention of Virtual Reality. OM are look like the market leaders in this motion capture software and I believe that if they can apply it to VR then there's huge potential. Ignoring the VR it's a hugely positive step to be launching the new software to coincide with the new strategy of concentrating on selling these core products.
However looking at the last year going back to December 2015 there have been 3 million director sales and only 0.1 mil buy - The company has paid out good dividend past 2 years no doubt - the yeild/ and the books look good - news have been far and apart.
Anyone any contribution to what lies ahead? Any price traget on this ?
Its 14:00 and nothing as of yet - or do they publish the results at the end of the business day?
Or has Mr. Bolton overslept today ? because they were all celebrating last night what a good year its been?
Can anyone please shed some light on this - my keyboards F5 key is kinda wearing out
Yes I quite agree, the spinning off of the IP into a compant to be eventually led by the founder Julian Morris is very interesting. It is becoming ever more apparent that this company is very rich in technologies and all credit to the founder for this. However, his move to the spin-off IP company suggests to me that he may feel more comfortable in a technical start-up role rather than commercialising products and services. It seems to me that the big change at OMG over the past few years has been in its ability to monetise its technologies and this process appears to be continuing.
The interims are full of positive facts and descriptions.
The hiving off of IP re imagery and robotics looks interesting.....
The actual monetary value I suspect will be relatively minor initially <0.5m but i think it is interesting that they are deciding to hive off as this means they are focused on having a simple and clearly focused plc which will command a higher rating than one which includes 'speculative play technology' - note how the founder is becoming a NED. this is a significant change of status for the plc i feel.
The 2 underlying businesses are performing well - both +20% in profit terms, almost +10% in revenue terms and OMG confident of the future.
They also seem quietly confident re the commercialisation of Life in 2016 92 engineering projects) and this could be a catalyst for a further re-rating.
As before, net of CASH the business is on a fcst p/e of 10x despite being a growth business in good sectors and significant value to be released from the IP in Life.
Not sure about another special dividend but there could be a little news which might provide further insight into the value of the company's technology in consumer devices such as cameras & mobile phones. I have recently become a shareholder at a price just below the IC's March 2016 buy tip. For me, the company ticks most boxes as the founder still has a sizeable stake (has not sold any recently) and it appears to be quite conservatively run, with plenty of cash and no net debt on the balance sheet. I also like the fact that the company is profitable and addresses world markets, some of which it appears to have a strong or dominant position in. There is also the "blue sky" upside which may result from applying the company's technology to consumer devices. It also seems to me that the the 50% increase in the share price since the fully subscribed placing at 29p in July 2013 is no more than would be merited by the improvement in financial performance since that time. In other words, I don't think the company is being overpriced by the market and this tends to be confirmed by the p/e ratio. Negatives are that the return on capital invested has not been good up to now, but is improving, and I would guess that the loss of a couple of key contracts could have a material impact on the company's financial performance.
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