Oxford Instruments: A great story continues

Thursday, Nov 17 2011 by
1
Oxford Instruments A great story continues

Oxford Instruments (LON:OXIG), the leading provider of high technology tools and systems for industry and research announced cracking half year results for the six months to 30th Sept 2011. Revenue was up 41% to £159m including organic growth of 30%, adjusted profit before tax up 76% to £18.7m and adjusted earnings per share up 62% to 28.2p. The Group commented on continued growth in China with orders up 53% and order intake as a whole up 24% to £175m.  The interim dividend was lifted 10% to 2.77p. The shares have had a great time in 2011 rising over 90% over course of 12 months and the valuation at 16x 2013 estimates may now look a little stretched, but management continues to deliver on its plan as demonstrated by the more than 15% annual growth in sales (excluding acquisitions) and the rising operating margins which are now targeted to grow to 14% in 2014 from 11.9% currently.

Operating cash flow was positive with the Group holding net cash of £11.9m at 30th Sept. There were upgrades from several analysts post the results.

Unlock this article instantly by logging into your account

Don’t have an account? Register for free and we’ll get out your way

Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


Do you like this Post?
Yes
No
1 thumb up
0 thumbs down
Share this post with friends



Oxford Instruments plc is a provider of technology tools and systems for industry and research. The Company operates through two segments: Nanotechnology Tools and Service. The Nanotechnology Tools segment offers technology products serving research customers in both the public and private sectors. The Service segment contains the Company's service, rental and refurbished asset sales business. Its NanoAnalysis business delivers solutions and services that enable materials characterization and sample manipulation at the nano scale. Its products are used on electron microscopes and ion-beam systems in academic institutions and industrial applications, including semi-conductors, renewable energy, mining, metallurgy and forensics. Its products include AZtecOne and X-Max Extreme detector, among others. more »

LSE Price
1182p
Change
0.7%
Mkt Cap (£m)
673.6
P/E (fwd)
18.0
Yield (fwd)
1.2



  Is LON:OXIG fundamentally strong or weak? Find out More »


Please subscribe to submit a comment




About investorschampion

Investorschampion

Investor's Champion offers objective, incisive and forthright comment on quoted companies. Our commentaries address what we believe are the key issues in respect of each company in a concise easy to read format. more »

Follow



Stock Picking Tutorial Centre



Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis