Just in case anyone thinks their stock-picking has improved, this stock has increased the share density - just be certain to check on this if/when you come to sell. You now own a tenth of the number you bought.
This stock was 25p (old shares) in 2000 - - and - - are now about 15p after the consolidation - that compares with a corrected price of "2.50" just five years ago.
-
Is this a business on the decline?
Management has shown no attempt to build a business and there are some folk in (was it ) Crewe who are still shocked by the closure of the UK facility - matched by those of us who had ISA/PEP holdings that were trashed on the day they ann moving to AIM.
Oh dear it just gets worse.

here we go at last, the price is on the move and in the right direction all good new and very positive outlook can only get better from here

Your raving about OMH Management is but a small contrast to your ranting at me.
What you forgot to tell any casual reader, is that OMH has trashed investors' trust over the last 5-6 years and the USD-turnover was bought-in.
Leopards and spots comes to mind, but if you think they have changed by all means say so; I don't see any change and the recent consolidation is merely playing with figures - however, I await the sp rising well over 2.50 so I can recover my investment.
My only connection with OMH is as a long-term investor - I thought a small British company specialising in fast diagnosis was worthwhile, but the Management proved it was wrong to invest money.
[[- I will agree that suffering such a large loss means my judgement is clouded, but in my limited experience firms rarely change from being very bad to being very good. The normal pattern is being vey good (barriers to entry etc) then a step-change with profit warnings and Directors Walking the Plank - then gradually the original qualities of the business returns. At the "dip" when all have given-up, that's the time to invest with all bad news out of the way.]]

My original posting was to remind folk that there had been a 10:1 consolidation, so they don't sell what they don't own. At 17p there are better investments IMHO.

What a clueless muppet.

Long in depth interview with James by Ian Roberts, analyst for Wallstreet Reporter....VERY positive, upbeat and bullish...!!! Well worth listening to, and should surely bring more US interest!!

http://www.wallstreetreporter.com/profiles/Osmetechplc.html

There is no need to be rude.
The historical events are as I stated and in addition we now face a dilution, so any shares bought (esp those who paid 35p not long ago will need to factor-in the new-issue effect), it depends how you view things but a 50% addition in shares is bound to affect returns - - - unless you were fortunate to be one of the Institutions buying cheaply at 18p-ish.( RNS Today)

Beware thse stocks will be sold in the Market, keeping the price down at least until the product-sales start to pick up - but they always say sales are expected, don't they?

The 12million is before expenses and I presume it will be converted into dollars (since that what they will need). Therefore we can expect OHM to be better off to the tune of Dollar equiv 11million...which should keep the Directors in comfort for a while longer. However, I suspect there is some debt to satisfy, so this isn't ready-money as some is already gone, as it were.

From an investor vewpoint (and certainly mine, previously held in hope, in a PEP)
this business has been a long-term disaster.
I wonder if the bullish WallStreetReporter Ian Roberts invested in OMH - now he knows.

wow, you hold a long conversation, LOL.

still a clueless muppet hangon. osmetech are debt free so the cash raised goes straight in the bank also we've know about the this proposed fundraising for a very long time the company have been very upfront about it. if you knew anything about the company you'd be aware that sales were up 70 odd percent and revenues now exceed 10 million dollars the cash is being used purely to support developement and launch new products. without the r&d spend on the molecular diagnostic buisness the CCD division alone would generate substantial profits for the group.

What you say is true enough, but words don't tell it all IMHO.
...In the documents they do say the business can't continue without this (c.13m injection)....so why couldn't they use this "cash generation" to support r&d?
A properly-operating company shouldn't be asking for so much and it will be intersting to see how the Market reacts over the next year. I haven't taken up their previous offers and have never regretted it...
To say they are "debt-free" is too simple - the reality is they are nearly bankrupt if all they can do (to survive) is sell 50% of the business at 18p - this will put a sub-20p ceiling on the sp for a long time.
I might buy-in below 18p ...if this money-raised is spent wisely, but history demonstrates ( to me), that the OMH-begging-bowl may return again.....
but let's agree we hope not, meanwhile, I must be a lucky muppet as my 1999 investment in OMH has hasn't really changed in value. Whereas any recent shares are suddenly 2/3 part-shares.

Mind you hang on, you did say above, that at 17p this was a bad investment, it doubled in a matter of months, so depending on timeframes it could have been a very good investment and I have a feeling it will be again from these levels.

clueless muppet hangon said
"so why couldn't they use this "cash generation" to support r&d? "
They are doing you clueless tosser but you don't launch three new molecular diagnostic products setup two new offices and employee some of the leading lights in the molecular diagnostic fields on a few million quid. They are not selling mars bars you know.

"if this money-raised is spent wisely" I would call buying a product and within a couple of years have it earning 3 times what you paid for it year on year spending money very wisely,.

Quite clearly you dont have a clue what you are talking about so I would advise putting a sock in it unless you want to continue looking a bigger tit than you do already.

ditchpig, let's keep it to one thread, a?

then why did you bother replying? retard.

Whatever, Pizza Hut Worker!