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OGE Orange

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Orange Investors - OGE

Orange Investors - OGE

Share Name Share Symbol Market Stock Type
Orange OGE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% -
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Top Investor Posts

Top Posts
Posted at 07/5/2002 16:08 by spikkymikky
scratchnsniff

...have you looked at it?...could this be the VOD mark II....to me it looks fat and was a short when it broke the second shoulder...Orange is an arm of France Telecom...any thoughts on when it might be amputated? This could be a tremendous short...I looked at the whole cart from float on the FT Investor website: have a look...hold on to your chair...
Posted at 28/2/2002 08:30 by johnnyamerica
Good luck to both you longs. It did go up the last two days! I think you can say its a bounce if its more than 20 - 40 points. If you measure the various small peaks over the past six months that would more than pass them. (I am no longer short, but definitely not long--I still think there are big problems with the parent company--65 Billion in debt or so, I blieve. Also Mobilcom threatened to sue France Telecom according to FT today--that put option is a sword of Damacles--also every effort to drive down Mobilcom's shares in order to make it cheaper is just going to result in lawsuits from investors. While the Mobilcom founders' deal with his wife's company looks dodgy, he himself is a bit of an entreprenurial leading light in Germany.)

Johnny
Posted at 10/8/2001 15:57 by yokel 007
On Bloomberg tv this morning Orange was mentioned concerning that this weekend was the end of the " Lock In" period for major investors- France Telecom- was mentioned as one of them.
If any of these investors decides to sell off some of their stake -then I think we could see a fall below the 5 pound mark.
Posted at 03/8/2001 11:40 by brian53
1) Market makers reduce the offer price to draw in more investors when the mood is bearish. They also raise the bid price to tempt shareholders into taking profits when the mood is more bullish. Market maker activity distorts the picture more during periods of thin trading.
2) Shares are automatically worth less when they go ex-dividend. The market makers may have reduced the price in anticipation of Orange's interim results on 27th July.
Posted at 20/7/2001 11:38 by affinity
RNS Number:2484H
Cable & Wireless PLC
20 July 2001





CABLE AND WIRELESS PLC ANNUAL GENERAL MEETING - CHAIRMAN'S STATEMENT



Speaking at the Annual General meeting of Cable and Wireless plc today (20
July 2001), the Chairman, Sir Ralph Robins, said:

"This has been a difficult and volatile year for the whole telecoms industry,
as increased capacity around the world has forced down prices and reduced
margins. All of us in the industry, Cable & Wireless included, have felt the
effects.

"The re-organisation of Cable & Wireless away from a full service supplier to
a global supplier of Internet Protocol (IP) and data services for business
customers, has helped to mitigate the effects of the downturn.

"It helped us, for instance, to avoid the heavy costs associated with the
acquisition of third-generation mobile licences which have proved so
debilitating to other companies.

"What we have done, in effect, is move up the value chain. This year, much of
our effort has focused on web and application hosting whereby Cable & Wireless
takes over the management of its customers' websites and web-based
applications. This, in turn, opens the door to innovative business solutions
which create real value for customers and for ourselves.

"A second consequence of our strategy is that Cable & Wireless enjoys a
stronger financial position than any of its competitors. In disposing of
activities that no longer fit our objectives, we've strengthened our balance
sheet and given ourselves greater freedom to develop in our chosen direction.

"A year ago I reported on a tranche of disposals including Cable & Wireless
Marine and our consumer business in the UK. Since then we've completed the
sale of Cable & Wireless HKT and announced an offer by Singapore Telecom to
buy our 52% stake in Cable & Wireless Optus.

"These and other disposals have helped us to simplify our structure and to
focus more effectively on our key markets of the US, Europe and Japan.
Importantly, they've also transformed our financial position.

"Just two years ago, we had net debt of #4 billion and net assets of #7
billion. If we include the sale of Cable & Wireless Optus, we'll have net cash
of #6 billion and net assets of #12 billion, giving us the strongest balance
sheet in the industry.

"So while others are hard pressed to finance their debts - at a time when
capital market sentiment is cool towards the sector - Cable & Wireless has
positive net cash with all the advantages that that implies. Where organic
growth can give us high returns, we are able to invest. Where acquisitions
will accelerate our progress, we can afford to buy - witness our offer for
Digital Island of California which operates at the high end of the hosting
market.

"The turbulence of the past year has made us more convinced than ever that our
strategy is right, and has helped to differentiate the company from much of
the rest of the industry.

"Against this strategic background, let me touch briefly on some of the year's
highlights.

"In June 2000 we created Cable & Wireless Global to manage our businesses in
the US, the UK, Europe and Japan. The next step has been to integrate those
businesses into a single global structure. Cable & Wireless Global is now
organised into three, cross-regional customer segments, dealing respectively
with large corporates, small and medium-sized enterprises and other telecoms
operators. The result is cost efficiencies and closer alignment to the needs
of our customers.

"At the same time, we're pushing on with our $3.5 billion programme to build
the most advanced IP network in the industry. By the end of 2000, we were
operating 49 international nodes (these being connecting points on a network)
and we are working towards 84 by the end of this year - all contributing to
greater capacity and faster global connections.

"With this quality of network, we are able to offer the service and
reliability that customers now demand. We were the first major carrier to
guarantee our levels of service - an important competitive advantage - and
during the year we improved these guarantees even further.

"Meanwhile, our product strategy continues to take us up the value chain from
simple connectivity to more sophisticated services.

"During the year we have strengthened our position in web and applications
hosting by opening more hosting centres in the US, the UK and Japan. We now
have 23 such centres in ten countries - a powerful resource as we help our
customers to exploit the benefits of the internet.

"Although our main concentration is on global services, we still benefit from
our Regional Businesses principally in the Caribbean and Panama. These have
grown well, not least by refocusing their revenues away from international
traffic towards domestic IP and data services. As the Caribbean moves towards
greater market competition, we have been working with national governments to
ensure a fair and workable environment.

"In the year to 31 March, revenues rose 15% in Cable & Wireless Global and 10%
in Cable & Wireless Regional. In vindication of our strategy, revenues from IP
services grew by 41% and now comprise 22% of Cable & Wireless Global's total
revenue, as against 16% the previous year. Earnings per share before
exceptional items and goodwill stood at 16 pence.

"On the basis of these results, the Board has recommended a final dividend of
11.55 pence per ordinary share to bring the full-year total to 16.5 pence - an
increase of 10%.

"The major corporate restructuring to which I referred earlier has focused the
Group on Cable & Wireless Global and Cable & Wireless Regional, each with
their own distinct financial characteristics. Cable & Wireless Global is in a
development and investment phase in a growing, exciting market. Cable &
Wireless Regional is also growing but is a more mature business.

"As we said at the May results announcement, the dividends paid by the Group
in the future will be lower and will reflect this new Group structure.

"Once again, I would like to thank Graham Wallace and his executive team for
their steady nerve in another year of bold and decisive action.

"Of course, nothing would be possible without our employees. I am all too
conscious that this has been a very tough year for Cable & Wireless people
with massive changes across the Group and the added pressures of having to cut
more jobs. As a Board, we are extremely grateful for their commitment. We
consider ourselves fortunate in the calibre of people who choose to work for
us.

"And finally, thank-you to you for supporting us through another year. I said
a year ago that Cable & Wireless lay at the heart of the new economy. Well the
new economy has taken some unexpected turns and the growth is perhaps slower
than we hoped. But compared with the old telecoms economy, it's undoubtedly
the place to be.

"Two years ago we seized the opportunity to lead the industry in IP and data
services to business customers. Today we are more convinced than ever that the
strategy is right and that Cable & Wireless is uniquely placed to succeed.

"Our strategy has protected us from the worst of the industry's problems and
placed us at the forefront of a fast growing sector of the telecoms market. We
believe it is the only viable route for generating value and we remain
committed to it."

Ends

Issued by: Media contacts:

Cable and Wireless plc Susan Cottam, 020 7315 4410
Corporate Communications Peter Eustace, 020 7315 4495
124 Theobalds Road
London WC1X 8RX
For Investor Relations

Chris Tyler: +44 (0)20 7315 4460
Katharine King: +44 (0)20 7315 6225
Valerie Gerard (US): + 646 735 4211

20 July 2001




Cable & Wire(CW.) GB0001625572
C(p) -7.75 C(%) -2.183 C 347.25 B 347.0 O 348.5 H 354.75 L 345.0 Op 354.0 V 3,684,193 T 11:28:00 A


Three Year Chart Intraday Chart
Posted at 05/3/2001 21:37 by topdoggyuk
i wouldnt have bought these in the first week of trading, after that, i would have left it a while longer, i think at todays price, if you buy, then youll have some sort of return rather soon, theres plenty of talk about tech and telecoms stocks rising over the next six months, and it was talk that started the last tech boom, so i would if i did and could afford to hold, hold. Orange have a good product so there is little reason not to beleive theyll be a front runner, dont base a your company prognosys on the nationality of the major share holders, with the discount rate offered and the unfamiliarity of the ecu for british investors this one was never going to take off, but let the markets and the company as a single entity take the share price higher.

good luck all
Posted at 19/2/2001 12:38 by mr ljs
What a farce....

Orange advisers reportedly lost over 200 mln stg in flotation
LONDON (AFX) - The advisers to Orange PLC's float last week lost over 200
mln stg attempting to prop up the mobile phone company's sliding share price,
The Independent on Sunday reported without citing sources.
According to the report, Morgan Stanley Dean Witter, which was appointed to
stabilise the price on behalf of the other advisers -- Dresdner Kleinwort
Wasserstein and Societe Generale -- is said to have intervened regularly in the
face of the heavy selling pressure.
The three firms now face a boycott by some investors unhappy about the
handling of the float, the report said.
France Telecom SA sold 15 pct of Orange nine months after buying it from
Vodafone Group PLC. Orange shares are now trading 11 pct lower than their issue
price.
The report said much of the problem has stemmed from the decision of France
Telecom's advisers to issue a convertible bond shortly before the float.
A number of hedge funds are thought to have bought the bond and then sold
the Orange shares before the float. This pressure is said to have contributed to
the decision to knock 4.5 bln stg off the value of Orange, the report sayid
One institutional investor said: "I suggest that we will be giving fewer
commissions to Morgan Stanley and DKW in the future."

How nice of MSDW to jump in to save the ailing Orange. tee he!
Posted at 18/2/2001 05:51 by mrwildjuice
[snip]
The trouble lay in the convertible bond that Orange issued at the same time as the float. This can be converted into shares at a later date at the offer price of Eu10. At the time, it seemed a clever way of increasing the funds raised from the float. The trouble was that it gave large investors a one-way bet in the markets, and all investors love a one-way bet.

In effect large investors, particularly a number of hedge funds, appear to have bought the convertible bonds and then sold the shares short. This was a no-lose trade. If the Orange share price fell, they could buy back the shares at a lower price and take the profit. If it rose, they could simply wait until they could convert the bonds and then cover their positions at the offer price.

It appears that quite a few market professionals spotted this wrinkle. All the short-selling on the first day of trading created its own downward momentum on Orange's shares, generating handsome profits for a small number of traders but dismaying the 1.3m private investors, including 123,000 in the UK, who had rushed to take part in the float.
[snip]

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