Been turning this one up in my stock screener lists over the last week or so on differing criteria. Anyway took the plunge this morning and added more after seeing this item from GCI, its derd cheap and should be on at least double that P/E. Well worth a read and please DYOR................

OpSec - STRONG BUY
Companies: OSG
07/11/2006

Growth Company Investor recommendation OpSec the anti-counterfeiting counter backed at 42.5p earlier this year when known as Applied Optical Technologies merits closer investor inspection ahead of forthcoming half time figures to September.

Last year proved a watershed, with the company moving into the black with a 1.7m full year profit scored on 25.4m sales, under the stewardship of chief executive Mark Turnage.

And quite simply, the company continues to go great guns. A recent pre-close update, ahead of the interims, boasted that figures for the year to March would be significantly ahead of forecasts. The European operations have performed strongly, and the interims will show dramatic improvement year-on-year. And though the American operations experienced a slow first quarter, business picked up markedly in the second quarter.

Turnage is clearly delighted with June acquisition GenuOne, bought for 7m in cash, which provides anti-counterfeiting software that allows brand owners to monitor and protect their products and brands across auction sites like eBay. Fundamentally important to the brand protection business, the acquisition has created a unique company able to meet the needs of global brand owners in both the online and supply chain environments.

3dcd, the groups 50-50 joint venture with Technicolor, also had a remarkable first half, with Microsofts imminent software launch having buoyed business. For March 2007, upgraded forecasts suggest pre-tax profits of 3.8m from approaching 31m sales, and earnings of 5.2p, placing the shares on a forward price-to-earnings multiple of 12.1. That is way too low for a cash-rich growth company with global brands on its client list. Buy.

James Crux
Market cap: 33.6m
PE Forecast: 12.1

Interesting web site.........

http://www.opsecsecurity.com/index.htm

Goldfinger, clearly your tip has been taken seriously.

OSG Bid: 68p Offer: 70p Change: 6.5

Yup its not doing bad ST, more buyers coming in this afternoon.

Superb day, keep it on the watch list or better BUY.

P/E going forward only 13, its a complete steal.

A bit of profit taking after yesterdays rise.

Bits back on the up today.

It really is cheap.

Something in this saturdays FT on these.

I hope they were saying its a turn around stock.

GF,

the FT article seemed mildly optimistic and implied that the co is on a PE of 9.5 for the full year.


Read it HERE

Just lifted it off the other big site ST, many thanks for the link.......

"OpSec Security-until recently known as Applied Optical Technologies-is one of companies that has historically always been able to make a sow's ear out of a silk purse.Its raisond'etre is the prevention of counterfeiting,not only of passports and currencies,but also of branded goods.Such a market would appear to be set for rapid growth,but until the year to March 30 the company was regularly reporting losses on declining revenues.In June,however it announced a move into the black with pretax profits of 1.7m on turnover of 25.4m.In addition,it acquired GenuOne,a US software company that tracks activity on internet auctions to spot counterfeits.The shares shot from a 12 month low of 37p to a recent high of 70p,although they remain a fraction of the price five years ago..Nevertheless the interims,due at the end of this month,are expected to show that the company should deliver full year profits of 3.8m.An attempt to win the contract for protecting the euro has been abandoned and the restructured balance sheet might allow a dividend in the not too distant future".

Shares mag Play of the Week - thats 3 tips in less than a week for this (Moneyweek,FT and Shares) so if it doesnt motor a little now then im not sure what will make it shift (apart from very good results)

A decent turnaround play already showing signs of success. The world
is bang in the middle of a
counterfeit boom and OpSec
should see plenty of work while
industries crack down on fake
goods and copyright violation.

Good morning GF,

looks like just you and me awake at this time !!!!!

This looks interesting. May have a nibble at some stage (trading profits from Paypoint burning a hole in pocket !!!)

Ian

Nice one Ian.

Looks like the Shares Mag tip as got it going.

Not a bad day but more expected tomorrow.

Loks ready to tick up.

Moving up nicely to results.

Results next wednesday.

Morning GF.

I have been persuaded to have a go at these - purchased for just under 72p. Thanks very much for the tip. I look forward to Wednesday.

Welcome aboard ST.

I hope we do well over the next few days and beyond.

Cheers GF.

Thanks GF.

BTW, have you taken a look at GNG? Results out next week, also apparently in a burst of profits growth. Chinese and speculative, though!

Sorry ST I keep away from chinese companies.

Thanks for the tip though.

cheers GF.

No problem, GF. Actually I had made up my mind to cut down on China too, but GNG looked a little too good. Am keeping my eyes and ears open . . .

Results due out on Wednesday . . .

Fingers crossed.

Ticked up.

Yep: OSG Bid: 70p Offer: 74p Change: 1.5

NICE.

REsults out tomorrow.

Good to see very few shares being sold in the midst of current market turbulence; only about 70k volume today.

Fingers crossed ST.

Here are the highlights:


Opsec Security Group - Interim Results
RNS Number:8303M
Opsec Security Group PLC
29 November 2006


29th November 2006

OPSEC SECURITY GROUP plc (formerly Applied Optical Technologies PLC)
('OpSec' or 'the Group')

Interim results for the six months ended 30th September 2006

OpSec Security Group plc, the supplier of anti-counterfeiting technologies and
services, announces interim results for the six months ended 30th September
2006.

Highlights

2006 2005
unaudited unaudited

Group revenue 14.4m 13.0m

Profit before tax 2.76 million 0.93 million

Basic earnings per share 4.3p 1.2p

* Record profit before tax, nearly tripled to 2.76m (2005: 0.93m) on
turnover up 11% at 14.4m (2005: 13.0m)

* European operations' profitability growing at significantly faster rate
than original expectations

* Excellent contribution from 3dcd joint venture due to a major new
software programme launch by its principal customer

* Trading in American operations improved markedly in second quarter and
order book strong

* GenuOne, acquired in June 2006, successfully integrated and the enhanced
service offering helped the Group secure major new customers and contracts

David Mahony, Chairman, said:

'We view the prospects for the balance of the current year very positively.
Current trading is at record levels and the Group is actively pursuing a number
of significant business opportunities. We are also in the early stages of a
number of discussions with possible acquisitions which we believe would further
strengthen the Group.'


- Ends -

For further information, please contact:
OpSec Security Group plc 0191 417 5434
Mark Turnage, Chief Executive (mturnage@opsecsecurity.com)
Mike Angus, Finance Director (mangus@opsecsecurity.com)

Weber Shandwick Square Mile 020 7067 0700
Nick Oborne/Stephanie Badjonat


29th November 2006
OPSEC SECURITY GROUP plc
('OpSec' or 'the Group')

Interim results for the six months ended 30th September 2006

Chairman's Statement

In the half year to 30th September 2006 the Group achieved a major advance in
profitability. Turnover and profits grew markedly in our European operations and
there was a significant increase in the contribution received from our joint
venture, 3dcd. The successful integration of GenuOne, which joined the Group in
June 2006, has provided a major impetus to the American operations as evidenced
by new customers and several significant new contracts.

Results

Group turnover for the six months was 14.4 million (2005: 13.0 million) and
the Group operating profit was 2.82 million (2005: 0.87 million).

Cash inflow from operating activities was 0.79 million (2005: 1.89 million).

The Group's balance sheet remains strong, with net borrowings of only 0.1
million (2005: net cash balances of 5.7 million) after funding the 7.5 million
acquisition of GenuOne and fixed asset additions of 1.5 million.

Review of Operations

European operations continued to progress at a faster rate than our original
expectations. Turnover grew by 24% compared to the previous year and
profitability more than quadrupled. A number of capital investment projects are
being undertaken to increase capacity and enable these operations to respond to
a growing number of significant sales opportunities, particularly in the revenue
and tax stamp markets.

3dcd contributed 2.23 million (2005: 0.29 million) largely due to the launch
of a major new software programme by the joint venture's principal customer.
This level of contribution will not be repeated in the second half. The cash
flow arising from the 3dcd contribution has been utilised to assist in the
funding of the GenuOne acquisition and to undertake a significant investment in
both fixed assets and the Group's sales and marketing capabilities.

The non recurrence of a significant government security contract which was
completed in December 2005 impacted the American operations in the first
quarter. Trading in the second quarter saw a marked improvement and the current
order book is very strong. The integration of the GenuOne acquisition has
proceeded to plan. In addition to GenuOne securing new business with customers
such as Boots, Oillily, River Island and Gant, the enhanced services we now
offer customers have helped the Group secure significant contracts with several
new customers including Phillips and the Collegiate Licensed Properties
Association.

Conclusion

We view the prospects for the balance of the current year very positively.
Current trading is at record levels and the Group is actively pursuing a number
of significant business opportunities. We are also in the early stages of a
number of discussions with possible acquisitions which we believe would further
strengthen the Group.

DA Mahony
Chairman
29th November 2006

Prospective PE for year ending March 2007 is 14.6 at SP 74p (assumed EPS 5.2p).

Plans for the future look good as well.

Good solid results then ST.

Sp should have some momentum behind it with the bolt on coming up.

Yep; it looks as if the acquisition is adding a good amount of business. I just hope that the company's plan for future acquisitions does not overstretch the balance sheet.

Mentioned in today's FT:

Fighting the fakes

Christmas spending on the internet is expected to show terrific growth this year. Every reason then for brand owners to become increasingly protective of their most valuable asset.

Their anxiety is being targeted by OpSec, the anti-counterfeiting company that in June acquired GenuOne. The acquisition trawls the internet looking for dodgy goods. It has links to Ebay, which will close down any auction of goods shown up as illegal copies.

Recently the company approached Ducati, the Italian motorcycle maker with some nice fashions attached, and asked whether it was losing sales to internet pirates.

Ducati thought not, but agreed to a trial of the GenuOne software. Within 10 minutes, a site was discovered in Pakistan, complete with name and contact details, offering to produce a maximum of 3,000 Ducati leather jackets a month at a knockdown price of $60 a unit. The minimum order of five had a delivery time of three days.

OpSec, which used to be known as Applied Optical Technologies, this week reported more profits in the first half than it has ever made previously in 12 months. Perhaps, after years of struggle, its time has come.

Also in the FT (ft.com), yesterday:

OpSec Security - until recently known as Applied Optical Technologies - made more profit in the first half than it had ever made before.

"We have had a great half and we are going into the second half with record trading," said Mike Angus, finance director of the anti-counterfeiting company. "The order books are full, and we are chasing very significant business."


Turnover rose from 13m to 14.4m in the six months to September 30. Pre-tax profits rose from 930,000 to 2.76m - well above the record 1.7m for the year to March.

The latest profits were driven by a 2.2m contribution from its joint venture with Thomson of France, which has supplied hologram technology to protect "a major new software programme" for its principal customer - understood to be MicroSoft. The company does not expect such a contribution in the second half.

The loss of a US contract in 2005 was behind a 6 per cent fall in revenues at the banknote and high security documents division - but Mr Angus said the lost contract had been replaced with new business.

Earnings per share rose from 1.2p to 4.3p. Full-year profits are expected to be 3.8m.

The shares closed at their highest level since 2001, up 2p at 72p.

ST, worth having a look at the companys site for investor presentation given on last couple of days.

Another move up today.

nice tick-up today: OSG Bid: 75p Offer: 78p Change: 2.5

40K shares traded. Takes me into profit, too.

Up again today: OSG Bid: 76p Offer: 79p Change: 1

If it does this every day for a year, I'll be a very happy Soul.

I've consistently failed to get into this one. ;-((

Well, I only bought at 72 and a bit, having been persuaded by the figures and the prospects. Peter Lynch: "Selection is more important than timing." Okay, it doesn't always hold true, but if this co is scheduled for more growth then it's not too late to get on board.

st - I try to get in to the right thing at the right time. Think Lynch is wrong.

Understood - but I think his point is that quality will out, and since he is one of the "long-term greedy", a la Buffett, his statement makes sense.

The quote I really like, however, is by some American who confounded the pros by making about $15,000 into millions, who said, "I don't buy stocks when they're cheap, and sell when they're expensive. I buy when they're dirt cheap and sell when they're cheap."

I am trying to follow his lead. Wish I knew who it was so I could see if he's published anything.

It is turning out to be a rather unexpectedly nice day today:

OSG Bid: 78p Offer: 81p Change: 3

Keep trying Big Al, it might be the companys software that is detecting you, LOL.

LOL!

Selection is indeed important, but timing the buy/sell on the chart, etc can make a very big difference to your performance.

Agreed.

I also nearly bought a few weeks ago , dam !!!!!

Still cheapish.

Will watch for any pullback I think and might chuck a couple in the SIPP, otherwise I'll class it in the "ones that got away" category.

There have been a few over the years. ;-0

GF has a knack for finding these.

Well done Sir.

OSG Bid: 81p Offer: 85p Change: 2.5

Nice.

Cheers SWW, just luck.

Another good day............. well so far.

From Investors Chronicle...

Tips:
*Buy - Allied Irish Bank (ALBK.L), Morgan Sindall (MGNS.L), TravelZest (TVZ.L) and Opsec Security (OSG.L).
*Sell - Chemring (CHG.L) and Highland Gold (HGM.L).

That's what we like to see :o)

Yup spot on.

GF, was there any mention of a price target or other supporting info?

Didnt buy the mag ST, just copied what you see above.

Off to a blue start.

Okay, GF, no worries -the main thing is that people are clearly taking notice of the tips:

OSG Bid: 86p Offer: 89p Change: 4

Yeaph nice.

Forward P/E of 15.1 and a PEG of 0.3 to end of March 2007. So theres plenty of room for more SP growth here.

Market niche, tech company perhaps 24 or 25 P/E would be reasonable.

Plenty to go in my opinion.

Yes, if you're a Jim Slater follower then that PEG has to be very good news! (I am, sort of!)

Further contract wins and acquistion news plus the steadily increasing mkt cap ought to help OSG get on the map.

Once again, thanks for a good tip!

No probs, but dont forget to take profits now and again.

Top slicing I mean. Get the profit in the bank, ready for another little beut I have lined up. The more stocks the more risk is diversified, mind dont get too many.

Looks like a bit of profit taking going on here.

Right. I'm locked in on this share until Christmas Eve, but hopefully there's more upside to come.

Will then try to be opportunistic, depending on my gut feeling - maybe add some more GTL if it's anywhere near current levels.

Making up for the profit-taking now, by the looks of it:

OSG Bid: 82p Offer: 85p Change: 1.5

Back into the blue this afternoon.

Holding steady this morning: OSG Bid: 82p Offer: 85p Change:

Trading seems to be all buys.

Might get a tick up.

We got one today! 53,000 traded


OSG Bid: 83p Offer: 85p Change: 0.5

Yes slightly up, but we could go further north later todat looking at US futures.

Slightly off over the holiday period. I have sold mine today, not through disillusionment, I hasten to add, but to cover the costs of a couple of other trades. Made a modest profit of 10%, not bad for a month!

Thanks for the tip, Goldfinger!

OSG Bid: 80p Offer: 83p Change: -1

Well done ST. Ill see you in the new year.

cheers GF.

Moved up into the blue and now trades on a forward P/E of just over 15, still too cheap for a niche tech play like this one.

Positive again this morning.

NICE...........

Opsec Security sees FY results 'significantly' ahead of market expectations
AFX


LONDON (AFX) - OpSec Security Group PLC said it expects results for the year to March 31 to be 'significantly' ahead of market expectations, given a strong order book.

The anti-counterfeiting technology firm also said in a trading statement that its American and European operations have 'continued to perform at record levels'.

Up 12% as I post.

Good one, GF. Wishing I'd stayed in as the sure things I bought haven't gone anywhere, but you live and learn.

GF

Nice one.
Congratulations and thanks !!!!

;o)

Ian

The house broker was forecasting eps of 5.2p for y/e March 2007.
'Significantly ahead of market expectations' would suggest eps of at least 6.5p I would hope giving current p/e of 14.
There is still scope for a push upwards.

Ian

Yes I would also be looking for that Ian and this one is still very much cheap for a tech niche player.

I expect the rags over the following few days to give it a pump.

As this one been tipped?. Possibly Shares mag.

seems you're doing quite nicely on this one, GF.

Yup but lost a few bob on SMC this morning so the gains arent as good as they could have been.

Not to worry though we all take a hit now and again.

rock on I say.

GF

Marvellous stuff.
Well done again.

Ian

And its still climbing Ian aswell.

Took a few bob off the top a little earlier, good trading stratergy I reckon.

GF

It's got momentum and there is trading volume.
Usually means there is a bit left in the tank !!!

Ian

Especially when we get further broker upgrades.

Back positive after a couple of profit taking down days.

And now really moving up to yearly highs.

Sound looking TA..

" alt="" />

Joined you today goldfinger

all the best

capa

Glad to have you aboard Capa.

Getting back to winning ways after the general market sell off.

anyone know when the results will be?

I take it from todays trading statement that they are now at least significantly ahead, strangely worded but bullish.

capa

Opsec Security Group PLC
21 March 2007



21st March 2007

OpSec Security Group plc

Pre closing trading update

Prior to entering its close period for the year ending 31st March 2007 OpSec
Security Group plc, the supplier of high quality anti-counterfeiting
technologies and services, released today the following pre closing trading
update.

The Board is pleased to confirm that the Company's core operations will all
perform at record levels this year. This, coupled with an exceptional
contribution from its 3dcd joint venture, which, as previously highlighted, is
largely one-off in nature, leads the Board to believe that results for the
current financial year will at least meet the improved expectations referred to
in the Company's last trading update of 23rd January 2007.

The Company remains actively engaged in a number of discussions with potential
acquisitions and expects to make further announcements on this area in due
course.

Looking good.

Ian

Looks excelent.

Acquisitions.... NICE.

Goldfinger

You may be interested in this article in the Indy today.

http://money.independent.co.uk/personal_finance/invest_save/article2408025.ece

Ian

Cheers Ian, just one of the many areas OSG is engaged.

Far more to come here.

Turned positive agin.

Any TA fans out there?, TA looking good or mixed?.

RSI looks positive.

morning GF. No idea re the TA, but off-thread, it's nice to see that CHCP has ticked up 0.5p

Goldfinger,

IMO, I'd buy in about 95p-96p, which is back above the 50MA, and would also be a break of the 'lower-highs' trendline in place since the end of January. I'd also look for higher volume on the break. The MA may act as a support/resistance level.

Stops would be in area of 85p, being the top of the gap up on 24 January - it looks like it bounced off near there earlier this week?

Hope this helps.

Steve

Steve,

many thanks for that.

Not a TAer these days other than the basics. Used to be a student and user up to Elliot Wave Theory, but found value investing more to my liking.

Sort of got out of practice, so its nice to be able to get the TA experts view on a stock aswell as the fundies point of view.

Many thanks again.

Cheers GF.

Results shouldnt be far off, we are looking for 3.8 million profit and 5.20p EPS giving 49% EPS growth.

Goldfinger,

Never understood Elliott Wave Theory - I just look at price movement patterns and the volume - if it ties it in with a good growth/turnaround story then so much the better.

Steve

Hi Steve,

yep its all about what suits you personally that and having the nerve to ride out minor glitches etc.

I understood Elliot but feel its flawed.

Nudging up this morning.

Nice to see this one positive again.

anyone got an opinion on this one is it on a upward trend or to early to tell?

Too early spudders.

wait a while.

Cheers Gf.

Blue again.

Good morning, GF. I'd like to echo Spudgun's question. Could this be back on the upswing? The 1p spread makes it look like a buyer's market, however at 85p to buy that's a PE of 17, and recent FY earnings were inflated by that deal with Microsoft. Chart-wise we're way below the 20, 50 and 90 DMA, so there's not much help to be found there.

I'm tempted, but I think I also see value in AMBR - may trade that instead.

AMBR, Ill have a butchers cheers ST.

Looks like its on a momentum run now.

Would have been quite a good pick at 85p after all ;o)

OSG Bid: 88p Offer: 91p Change: 6

Results due soon any thoughts?

Strong results from this one...

Opsec Security FY pretax nearly triples on sales growth, eyes acquisitions
AFX


LONDON (Thomson Financial) - Opsec Security Group PLC said its full-year pretax profit rose on sales growth, and it sees further underlying growth and acquisitions.

The supplier of anti-counterfeiting technologies said its pretax profit for the year ended March 31, 2007 rose to 5.17 mln stg from 1.73 mln stg while sales for the period grew to 33.1 mln stg from 25.4 mln stg.

On an adjusted basis, operating profit more than tripled to 5.8 mln stg helped by an exceptional contribution of 3.3 mln stg from its joint venture 3dcd.

The company proposed a final dividend of 1 pence per share.



TFN.newsdesk@thomson.com

ukn/tsm/jfr

Opsec Security Group PLC
08 June 2007


OpSec Security Group plc (the 'Company')

Directors' awards under Long Term Incentive Schemes


8 June 2007


OpSec Security Group plc, the supplier of high quality anti-counterfeiting
technologies, services and programmes, announces today that 905,000 ordinary
shares of 5p each awarded under the Company's Long Term Incentive Scheme in June
2004 vested today. These shares have been transferred from the OSG Employee
Trust to the relevant individuals. The Trust now holds 1,864,492 ordinary shares
(3.5%)

Directors Mark Turnage and Mike Angus have received 325,000 shares and 275,000
shares respectively. Following these transfers their holdings are 1,596,876
(3.0%) and 573,922 (1.1%) respectively.



Enquiries:

OpSec Security Group plc: 0191 417 5434
Mike Angus, Finance Director
Mark Turnage, Chief Executive

Oriel Securities Limited: 0207 710 7600
Andrew Edwards

Weber Shandwick Square Mile: 0207 067 0700
Nick Oborne/Stephanie Badjonat

Opsec Security says trading in US, European ops in line with expectations
AFX


LONDON (Thomson Financial) - Opsec Security Group PLC said trading in both its US and European operations is in line with its expectations and that the capital investment programme it is undertaking is proceeding to plan.

'We continue to seek to enhance our technological and market position through selective acquisitions and hope to be able to conclude certain discussions shortly,' chairman David Mahony said in the AGM statement

Share price has dropped miserably to 55p and looks like it still sliding

There is a trend in this Co. - look at the sp -
- the trend is go nowhere....it's been flapping about yet falling at every opportunity.....hopeless.

Presumably, this reflects the expectations of the business - pah!

Missed the AGM, today as I couldn't be bothered to rush up to Town in crowded trains just to hear well-heeled Execs tell us like it isn't - anyway the RNS has solved my lack of Informastion, and the sp-drop updates my investment Prospects.....so all in all, quite a good, no-rush day.

SP down 6% 44p mid - on the News that some Orders may be delayed. Integration of ---(dunno) is OK - so there!

This Co provides hologram security (eg for software packing) and banknotes.
On the face of it you'd think this was a rising...plodder...but NO, it Isn't!
It appears to fail to excite the Market and the figures aren't any better, either.
Sp is almost halved in the past 12-months....so worse than the Market as a whole. I guess they are being squeezed and don't have enough "zip."
+I hold a few, at a loss.
EDIT-(19Nov08)-down again to 22p - Oh well .

3 Directors bought today, maybe with the huge number of banknotes about to be printed OSG is going to be busy. I don't hold and know very little about the co.
2517

down to 17p and Directors buy a modest amount - not exactly sure this constitutes Great Faith, or an opportunity to buy cheaply, over a longer-period etc.

2517 George may be right that large numbers of Banknotes are about to be printed, but I suspect any "printing" by the UK Government is in a ledger, rather than actual notes. When the UK-Banks got their cash, wasn't it just a money-transfer rather than a lorry-load of 50's . . ?
I've held this since it was called - - - - yawn, I- forget....not a good investment as inspection of the Graph will show.

Frankly with folks holding onto their money and the gradual use of "plastic" I fear there is even less demand for their "notes" products, so despite the Directors showing some activity, I shall keep my cash, safe elsewhere.

Listen - Opsec Security Group - Final results

http://www.brrmedia.co.uk/event/113204/mike-angus-finance-director

Re those Banknotes - we are moving towards cash-less, with electronic wallets, etc.

Take-Over
All washed-up now takeover completed: ( DYOR = Dec.2015 ) - and a miserable cashing-up for LT shareholders . . . I made under £50 in fourteen years of hype!

I hope MoneyAM(dot)Com can keep this open for a while in case others attempt to read the latest news.

Originally this Co was Applied Optical . . . but the name-change was not much more than window-dressing, IMHO.