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

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..

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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