Oxford Metrics (OMG)

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The international software company servicing government, life sciences, entertainment and engineering markets.

19-Oct-2017 – 58.75p – £72.3m

Trading Update For The 12 Months To End September 2017 – Expecting to report Revenue and PBT ahead of market expectations. And the board is pleased to report “the Group has made good progress during this first year of the Group’s five-year growth plan and is on track to achieve the goals we stated in December 2016 to double profits and triple recurring revenue by 2021”. An impressive update and well liked by Stockopedia with a StockRank of 93.

Really liking this!

6-Dec-2017 – 62.25p – £78.8m – PER 18.3

Preliminary Results For The 12 Months To End September 2017 – Revenue up 7.6% in CC to £29.2m, Adjusted PBT of £3.9m (FY16: £5.1m), ahead of market expectations, Net Cash of £9.8m (FY16: £8.3m), Dividend up 20% to 1.20p per share (FY16:1.00p), in line with stated progressive dividend policy and dividend cover objective.

A good update and still well liked by Stockopedia with a StockRank of 87.

30-May-2018 – 77.5p – £96.2m – PER 19.3

Interim Results For The 6 Months To End March 2018 – Record first half performance with Revenue £14.3m, up 10.9% (H1 FY17: £12.9m) and Adjusted PBT of £1.5m (H1 FY17: £1.6m), in line with expectations. On track to deliver 5 year plan to double profits.

Metrics (on Stockopedia) look quite good but I am not entirely convinced – So, I will remain Neutral for now.

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