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13.50p (-1.00p) -6.90% Down AIM IT Hardware £5.83m
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Commentary

Remote electromagnetic sensing technology designed to detect the presence of offshore oil and gas

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Financial History

Financial Year End 31/08/2003 31/08/2004 31/08/2005 31/08/2006 31/08/2007
Currency GBP GBP GBP GBP GBP
Turnover 1.61 4.68 4.34 10.42 17.73
Operating Profit -0.41 0.18 -4.11 -1.75 -1.14
Pretax Profit -0.36 0.40 -3.79 -1.58 -1.00
Earnings After Tax -0.37 0.37 -3.79 -1.67 -1.06
Profit Available For Dividend 0.00 0.00 0.00 0.00 0.00
Ordinary Dividends 0.00 0.00 0.00 0.00 0.00
Retained Profit -0.37 0.37 -3.79 0.00 0.00
Shareholders Funds 1.99 12.31 8.61 7.16 35.96
Net Current Assets 1.18 9.72 3.97 0.00 0.00
Adjusted Earnings Per Share Undiluted 0.00 0.00 0.00 -5.54 -3.35
Adj Earnings Per Share 0.00 0.00 0.00 -5.54 -3.35
Dividend Per Share 0.00 0.00 0.00 0.00 0.00

Company Details

Address The Technology Centre, Offshore Technology Park, Claymore Drive, Bridge of Don, Aberdeen, AB23 8GD
Telephone 0870 429 6581
Fax 0870 429 6582

Executives

Executive Chairman David Pratt (0.10% holding)
Chief Executive (0.00% holding)
Finance Director Robert Auckland (0.10% holding)
Chief Scientific Officer Lucy MacGregor (0.00% holding)

Main Shareholders

Landon Clay: 25.4%
Compagnie Generale de Geophysique-Veritas: 15%
Fidelity: 7.3%
Southampton Asset Management: 7.2%

Advisers

Nominated Adviser KBC Peel Hunt
Nominated Broker KBC Peel Hunt
Solicitors Pinsent Masons
Auditors BDO Stoy Hayward
Registrar Capita Registrars

Commentary

Remote electromagnetic sensing technology designed to detect the presence of offshore oil and gas

Company Data

Code OHM
Sedol GB00342721
Shares In Issue 43.175 m
Indices Aim
Entry on AIM 11/03/2004
Interim Results Apr
Final Results Nov
Year End Aug
Accounts Due Nov
Int div payment n/a
Fin div payment n/a
Int net div per share nil
Fin net div per share nil
Probable CGT relief Yes