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.