Orcadian Energy Share Discussion Threads

[par12] 10/3/2008 07:54

29p WELL DONE ERIC and CO

[deep powder] 10/3/2008 07:18

Hurray.................

[hotfinance14] 10/3/2008 07:05

Emblaze Ltd. (LSE:BLZ)

("Emblaze" or "the Group")

ACQUISITION OF ORCA INTERACTIVE LTD

BY

VIACCESS S.A., a subsidiary of France Telecom

Ra'anana, Israel, 10 March 2008 - Emblaze announces that its group company,
Orca Interactive Ltd. ("Orca") (LSE:ORCA), a developer of middleware and
applications for IPTV, has agreed the terms of its acquisition by Viaccess
S.A., a wholly owned subsidiary of France Telecom SA, through a cash merger
(the "Merger"). The transaction is structured as a merger under the Israeli
Companies Law 1999 (as amended) and is not subject to the City Code on
Takeovers and Mergers.

The Merger consideration consists of an amount of US$13 million plus Orca's net
cash as of the closing of the Merger. The price per share to be payable to each
holder of ordinary share or a depository interest of Orca shall be paid in a
number of installments based on the total Merger consideration. Subject to
adjustment in accordance with the terms of the Merger agreement, it is expected
that the total Merger consideration to be approximately US$21.4 million, which
equates to a value per Orca share of approximately US$0.59 (approximately £
0.29). Orca has gross assets of US$15.9 million, and made a net loss of US$4.3
million for the year ending 31 December 2007

The merger is subject to the approval of Orca Shareholders at a general meeting
convened for 15 April 2008.

Subject to closing, Emblaze expect to record capital gain from this transaction
of approximately US$4 million for the first half of 2008. Proceeds from the
transaction will be used for working capital purposes for the Group's portfolio
companies.

Guy Bernstein, Chief Executive Officer of Emblaze said: "The sale of Orca is
yet another step in the group consolidation around its core competency. We
believe that Orca's new partners are a perfect fit to take Orca to the next
level"

[ericthecat] 06/3/2008 09:22

don't want to get into a slanging match, but sold and bought back again, its called trading, purchased at 14p this time, but that was 15 months ago!

[istanbully] 05/3/2008 18:37

eric

I recall you recommending these shares when they were over a pound. Looking forward to working into your 70'?

[ericthecat] 05/3/2008 16:56

Looks like the lecturers will have to carry on working into their 70's, they must have taken a big loss, as they were one of the original institutional buyers 80p+ thats a big loss to have to take.

[deep powder] 05/3/2008 16:40

that was an old sale, stale holder gone.

[explorer88] 05/3/2008 16:31

eric - you may be right; although i see today's announcement and reckon the share price may fall back again on that insti. selling.

[ericthecat] 05/3/2008 13:34

Why, would you stop booking in future events and stop pretty much all marketing, no web-site updates, no news?

They launched a ground breaking system called compass late last year, if they were still carrying on don't you think that they would be promoting /marketing this fantastic system at the trade shows?.......I think so,

[explorer88] 05/3/2008 12:59

eric - orca were one of the main participants at last week's event, alongside Comverse. imo, the deal is not done, otherwise it would have been announced.

[ericthecat] 05/3/2008 10:53

There are 3 or 4 big iptv events coming up through march and ORCA are not at any of them as I can see, the deal is done IMHO they are going completely off the radar.

They have attend these every year

[colinhy] 04/3/2008 12:25

IPTV also gives telcos access to entertainment dollar

Regardless of the excited rhetoric about the coming of the Internet TV age, real strides are being made in the US in the IPTV realm where millions of people according to the research firm Yankee Group will be signing up for IPTV service through their local telcos by 2010.

As a result, we are witnessing massive transformations taking place in media and entertainment and communications industries according to the Yankee Group report. With the digitisation of content and the Internet as a platform, both industries are morphing from structured, linear ecosystems to open and fluid sectors influenced by greater consumer control. As it stands today, most consumers will go for IPTV thanks to its superior quality both in terms of available content and picture quality.

"IPTV changes the rules of the game for the consumer communications services in the US," added Anton Denissov, Yankee Group analyst. "To become guerrillas, telcos must shift executive authority to local management. Those that do not have the flexibility will lose out to the competition."



We have yet to hear how much will flow Orca's way

[eenmakkie] 04/3/2008 08:51

Forest can not buy on inside info if there will be a quick sell to a USA company.
And if they really know some news it will be still a year away. Just to give time between the buy and the inside info.

What is possible?
They buy shares to sell them later to a company that wants to buy Orca at a low price that Emblaze doesn't want to sell to.
But the "other company" has to accumulate at least 30% of all the shares outstanding, this means almost all the shares of the personal investors that are out there.

If they are the only interested company to buy Orca they can affort to wait some time because Orca is still losing money. A year of more losses will bring the price down on its own.

And if they use a simillar buy out of the business and technology as with adamind, boy o boy it will be a long time to wait before you get any money back!

[jammytass] 03/3/2008 17:30

where there any trades today?

[jammytass] 02/3/2008 17:13

i think exlorer has got it right> 25p> 30p
then u could have a counter bid say 30p..> 40 p

[par12] 02/3/2008 17:08

I hope not. But if its just PI's piling in; then the MM's will pull the price just to protect themselves; BUT If we get some volume back then I reckon a fair price here is at LEAST 35p;

But we have been here before, and we know what the MM's are capable of; look at VDI as well !!

[jammytass] 02/3/2008 16:50

why dou think that par?

[par12] 02/3/2008 16:35

If you are right Eric the its quickly back down on Monday :0(

[explorer88] 01/3/2008 15:07

thanks eric.

i agree with you that it's a US company who will buy ORCA (ties in with decision not to go ahead with US office last fall?)

i note that there is a growing relationship between hp and orca.

hp?

[ericthecat] 01/3/2008 14:49

FWIW, liquidity in ORCA shares has been historically pathetic, however within the last week this has improved as somebody wants the shares. Previously, you could not sell 1000 shares @bid price of 12p, the mm's would only buy for 10p. However now you can sell for 16.25p but still only 15k shares.

My guess is there is small demand from P.I's only.

[crashbang] 01/3/2008 14:27

Thanx for the reply.

Poor volume for a pos t/o at a good premium though.

[ericthecat] 01/3/2008 14:21

It is not part of BLZ make up any more inorder to compete against the big competitors you need to spend big to gain market share BLZ will not do this, I believe blz want out but at a slight premium i.e 25p. If it stayed with blz it would wither on the vine.

[crashbang] 01/3/2008 14:17

Eric.

Is there a reason why Blz would sell at such a low price?

[ericthecat] 01/3/2008 14:15

No last time I spoke commverse were not in the running as they had just gone through re-structuring and M&A were out of the question, so it will not be them.

My guess is a US company, I believe there is only 1 interested and so there will not be an auction, I will stick by my 25p take out. Ideally you would want Cisco or IBM but do not think it will be them.

The only way it will be more than 25p is if somebody has come to the table in the last month.