Coronavirus impact: 5 Nov – Bonkers Bargains, data winner and plenty more
Two of our previous Bonkers Bargain selections issued reassuring trading updates, with one seeing a sharp bounce in its shares. Elsewhere, a provider of data solutions announced encouraging contract news. Read on here for our thoughts on these and other updates.
Oxford Metrics: better than anticipatedOxford Metrics (LON: OMG), which develops analytics software for motion measurement and infrastructure asset management, issued a reassuring update for its financial year ending 30 September 2020. OMG (what a great ticker!) expects to report revenues of £30.3m, 14% down on the prior year, and adjusted pre-tax profit of £2.5m, down 54% on 2019. The Group finished the year with cash of £14.9m. The Group help highways authorities manage their road networks, hospitals and clinicians decide therapeutic strategies and Hollywood studios create stunning visual effects - an interesting mix. Its Vicon business, a world leader in high precision motion…