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

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