Orbis Share Discussion Threads

[slapmewithakipper] 24/4/2003 21:18

long time till july !!!

multibagger or a dog ?

Good fun on the way !!!

The balance sheet does not look good !

But what the hell !

[dina] 24/4/2003 16:01

Well... wrongprice.com did say it was high risk

[donnydave] 24/4/2003 09:56

ASC MBO DOUBLE BAGGER
^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^
| | | | | | | | | | |

[dina] 24/4/2003 09:00

What's happening with this share now - I wonder if Pru sold a lot of shares - thats why the drop??

[rondy] 22/4/2003 23:30

Yeh, sorry, thats my fault.
Whenever I buy a stock it either stagnates for years or plummets in a second.

[unadkat] 22/4/2003 23:14

why has the share price not gone up since this morning ?

[rhiannon] 22/4/2003 10:36

Im a super optimist re shares BUT even i am godsmacked by the strength in this one lately.wdik

[rondy] 22/4/2003 10:28

Seems to be some positive momentum developing at long last.
In for some also.

[dina] 22/4/2003 09:41

Going up again! I'm seriously thinking of jumping in here!

[hillbrown] 17/4/2003 15:28

Dont really agree with that.

Total volume the last two days is less than 1.5% of the 175m shares in issue. and 300k of those were me. In financial terms it doesnt come to a cup of the cold stuff.

I think its just small boys like me having a punt.

10P Please !!!

[woozle1] 17/4/2003 14:32

I smell something fishy here - and not my fingers. With this type of volume, I suspect that there is announcement coming on Monday. I agree with wrongprice: this is a hero or zero stock.

[rhiannon] 17/4/2003 13:01

OBS really starting to move now.wdik

[hillbrown] 17/4/2003 12:27

2.25 bid solid bid only one on the offer at 2.5.
Feels good for for 3p next week.
Small numbers but good percentage.

[pork belly] 16/4/2003 16:00

thewrongprice.com member update

Please log in at www.thewrongprice.com to view full details of our latest
update

Orbis is not the type of stock that we would normally recommend. Orbis has
a market capitalisation of £3.5m but bank debts of £57m which are due in
July this year. On the face of it the stock appears to be close to
bankruptcy.

So why do we like Orbis. First of all the directors believe that the banks
will extend the banking facilities in July . The directors were brought in
with the banks approval something they would not have done without prior
understanding with the banks that the credit would be extended. The
directors bought shares at 1.75-2p after working through the restructuring-
a large vote of confidence.

Orbis is a service company with real assets of only £12m but their is
strong demand for security work and they are a market leader. Orbis turns
over £45m per annum with continuing operations making over £5m. Also
cashflow is strong with £9m expected this year. THe banks have an easy
choice. Either liquidate and get around £12m or keep the company running
and get paid £55m plus interest paid back over 6-10 years from the strong
cashflow.

Valuing the company on 8X cashflow would lead to a valuation of 8.5p and
every multiple of cash flow would add 5p to the valuation.

This next piece of news on the bank facilities will drive the price down to
zero or upwards towards 10p. High risk , high reward.



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Regards
thewrongprice.com Analyst Team

[hillbrown] 16/4/2003 15:54

Just got write up on wrongprice.com.

Basically its going to 8p or down to zilch.

Odds favour the former given that the directors have been buyers.

[rivo] 28/3/2003 18:56

fickena check out AUX and give your honest opinion on the RIVO thread THANKYOU.

[fickena] 28/3/2003 13:10

jwoolley,

I only do this because you have come on other BB's asking us to check it out.

Fundementally,

75m in debt, no cash in the bank and falling turnover and 8m loss last results, no ta!

Chartisticly (is that a word?)

Has broken it's falling trend can't see it breaking 3p, but again I refer to above!

[latifs100] 28/3/2003 11:48

watch the sells coming in at 2p?

[frisbyd] 28/3/2003 11:36

This bird has flown,but why?

[rhiannon] 28/3/2003 11:32

People very quiet for a share thats rising fast in this market.wdik

[rhiannon] 28/3/2003 10:59

CFE WANTS WATCHING.wdik

[jwoolley] 28/3/2003 10:54

Need to spread the word on this one...

[geoffg] 28/3/2003 10:51

It's lovely but...........WHY ??

[rhiannon] 28/3/2003 09:56

OBS still on the rise dont miss out.wdik

[rhiannon] 28/3/2003 08:19

Really looking like OBS is the place to be today.wdik