OMG on the defensive.
Investors Chronicle - magazine and web content, August, 2007
Imaging technologist OMG's shares bounce on news of another deal with the Ministry of Defence Tim Bradshaw
OMG has signed its second contract in a month with the Ministry of Defence for its image processing technology. The two-year deal is worth GBP475,000, as part of the 'Competition of Ideas' initiative to develop the UK defence supplier network.
OMG's '2d3' technology, already used by film-makers, identifies and tracks targets from unmanned aircraft. Broker Libertas Capital "conservatively" values 2d3 at 6p per share, the company's Vicon motion capture business at 70p and its Yotta street mapping division at 30p.
Today's 5 per cent rise still leaves OMG below our buy tip (61p, 28 May 2007), following the recent sell-off. But with its main...
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