Cbaysystems Share Discussion Threads

[nurdin] 26/8/2009 09:36

Nice tick up again today...should motor to 70p atleast I reckon

[nurdin] 25/8/2009 17:40

I suspect US investors are arbitraging...selling Medquist and buying CBay as a cheap way in..only aguess though

[237gmoney] 25/8/2009 17:04

Hopefully we see blue again tomorrow. Onwards and upwards....

[nurdin] 25/8/2009 16:16

50k buy at 56p :o)

[237gmoney] 25/8/2009 14:45

Another trade gone through must be a PI - possibly the two 40k trades were MM to MM? as the price goes up the MM's want to stock up....so we have another tick up....56p buy still so the spread is back to square one...

[nurdin] 25/8/2009 14:01

Those two 40k trades look like roll overs but that shouldnt have affected the share price....unless we see some further trades at close.

[237gmoney] 25/8/2009 10:57

was that 40,000 at 52p a buy or a sell? 80,000 traded so far today is not a bad start to the week....didnt realise just how slow this one trades but keeps on rising. I expect it will keep on rising before results as the MM's do not want to be caught out.

It says were up 1.5p yet buy price up 2p and sell price up only 1p - MM's dont want to come out to play. Spread widened. Lv2 must show another move upwards is close?

[nurdin] 25/8/2009 10:30

Nice break out here now...interest seems to be building up

[nurdin] 25/8/2009 08:48

Philips acquired its stake in the MedQuist business in 2000 for a total amount of c.$1.3bn...according to an old brokers note

[237gmoney] 25/8/2009 08:41

I thought Phillips paid $2bn for Medquist? I think the news yesterday was good for Cbay as that director never liked Cbay buying MEDQ for what they paid. CBay have one less cog to worry about in the boardroom. I think the rise in MEDQ over the last few days is also helping the price upwards here.

[nurdin] 24/8/2009 20:24

Dont know why CBay were marked up today...no trades that I can see.Surely not because of the news posted by 237g above?

[nurdin] 24/8/2009 17:13

Nice find..cheers

For what its worth Philips had paid $1bn for Medquist

[237gmoney] 24/8/2009 16:39

I found this article out in the states on another victory for CBAY today. this should move things along quicker....Now CBay can do what they like....



Also I only realised CBAY only paid $7.50 a share upfront for MEDQ in 2008 with the remaining $3.50 to be paid with a 7 yr bond. so that will not mature until 2015 which means MEDQ could be quids in by that time. Therefore the invest in MEDQ was only for 130m Euros upfront and not the $287m reported at the time of the deal althought thats what the deal will eventually cost.

[nurdin] 24/8/2009 09:14

Firm date hasnt been decided yet but the interims should be out around mid september

[237gmoney] 24/8/2009 09:11

Just back from holiday, seems I timed it just right for a change. MEDQ is picking up again and now well over $9 a share. CBAY still lagging well behind the MEDQ value so hopefully the share price will start to pick up here soon.

when are CBAY likely to release their 2nd quarter results? that should push the price up some more.

[nurdin] 24/8/2009 08:22

yup had to pinch myself :o)

[stegrego] 24/8/2009 08:18

Shock horror!

[nurdin] 24/8/2009 08:17

Blimey CBAY starting to move :o)

[nurdin] 20/8/2009 18:18

I see MedQ is straddling $9 now and is on a breakout...not that it will make diddly bit of difference to the CBays share price..

For what its worth ,CBay stake in MedQ currently worth £143m....CBays market cap £78m

[nurdin] 12/8/2009 08:56

Not sure Steg...bid just ticked up...might see a buy at the end of the day :o)

[stegrego] 10/8/2009 18:50

Haha - not a sniff all day.... back to usual service....

[nurdin] 10/8/2009 09:24

No sign of buyers yet but hopefully we will see some coming in as broader markets get more reassuring...

[nurdin] 09/8/2009 11:28

The article makes the following end comment,which while very positive,is somewhat misguided:

''Meanwhile, margins continue to gain traction and based on sales of US$400m for the year, broker Jeffries forecasts US$32.9m for eps of 11 cents (6.6p). Based on this the PE is 6 and is starting to look incredibly cheap for a BPO business of this type. We think they merit a buy at this juncture - even if they are not that well followed by investors.''

The Jeffries forecasts they refer to are from an old note dated November 08.Since then, Medquist have reported some sizzling Q1 and Q2 results which Jeffries have not commented on as yet.

Based on the calculations I have made above,CBay will report minimum 11c eps just for the first half.I expect them to report atleast 22c for the full year.

If they are 'incredibly cheap' on a PE of 6 then they are at a give away price on a PE of circa 3

[nurdin] 08/8/2009 16:38

Yes very pleasing that.

[stegrego] 08/8/2009 15:45

Comment on CBAY in this months SCSW i see, first comment on it in over a year might get some attention come Monday - cant read it except for this bit...

'CBAY has reported its Q1 09 results, which mark the beginning of quarterly reporting. This is on the back of the transformational deal in 2008 when the young new kid on the block, CBAY, bought its majority (69.5%) stake in Medquist, a much more substantial and longstanding business in the US.'