Orbis Share Discussion Threads

[hillbrown] 14/7/2003 14:41

Spot on, says it all. By the end of this month our shares will be worth north of 8p or south of nothing.

[camiladasi] 14/7/2003 14:00

Pictureframe/JW

news from banks is due by 31 July when current arrangements expire.

"Banking arrangements
The current banking arrangements are in place until 31 July 2003, as reported in the Annual Report and Accounts for the year ended 31 March 2002. The bank indebtedness is therefore expressed as current at the balance sheet date in accordance with the Companies Act 1985 (Schedule 4 Part VII para 85). Following the recent appointments of Michael Holmes and John Jukes, the board intend to effect a longer term arrangement with the banks which will be put in place prior to 31 July 2003."

So IMHO there should be an announcement within the next two weeks?

[pc4900074200] 13/7/2003 21:05

Slap

been thinking about OBS. [hard though it may be for me!]

email me [e-mail].

Tell me facts, no b@ll sh@t.

Why I should invest in OBS.

pc

[pc4900074200] 13/7/2003 20:52

Slap

been looking at the trades over the last few weeks,

long termer, this one.

regds

pc

[slapmewithakipper] 13/7/2003 20:50

lol pc no de-ramping now !

But then go ahead if it drops I will add another 500k !

[pc4900074200] 13/7/2003 20:43

Hi, slap

told you i would pop over.

regds

pc

[slapmewithakipper] 13/7/2003 20:41

pictureframe go for it !

Directors still hold !

[slapmewithakipper] 13/7/2003 20:39

jwooley are u sure you did not go to Leicester Uni ?

[jwoolley] 11/7/2003 12:49

Hoping news will come through soon. i thought it was going to be at the beginning of month. Will go back and check..good luck holders.

[pictureframe] 11/7/2003 08:12

should we have heard about banking by now ? I am really tempted to stick a large wedge on this

[richardbonny] 05/7/2003 22:40

DragonHorse,

In the interim accounts 28/11/2002 the net cash inflow from operating activities is shown as £4.64 million ie it seems plausible to assume it should be around £9 million for the full year. This looks more than enough to cover the interest on around £60 million of debt. But perhaps I am missing something...I have some of these shares but am getting uncomfortable about the lack of news. May be safer to sell and then buy if they manage to renegotiate the debt. I haven't decided yet. If they were going to be placed into administration I would have thought it would have happened already. Actually their debt problem is not new, they have had huge debts since they took over a competitor in 1999. That didn't seem to bother people when the shares were at 75p!

[dragonhorse] 03/7/2003 08:27

Does anyone know if the company is generating enough cash from operations to even cover the interest on it's debt? Accounts I looked at last year suggested not. Has that problem improved since then?

[rhiannon] 27/6/2003 23:26

Showing signs of life.wdik

[badabing] 27/6/2003 15:08

Looking a bit lonely there mate....too many tiddlers marked up by MMs only to get walked down below their staring point these days. Maybe something more substantive will get support before people commit any cash to these kinds of stock. Just my opinion mind and these are are on my watch to buy list.

[rhiannon] 27/6/2003 12:53

Fish are biting.wdik

[slapmewithakipper] 21/6/2003 16:36

With a prospective p/e of under 1

And the backing from the banks this share could easily quadruple in value
The banks decide in July so get in quick .
Why pay 10p a share when you can buy them for 2.6p next week.

PS they may go bust dont put too much on it !

PPS this is an orbis ramping thread no de-rampers please !

[sudash] 18/6/2003 16:51

rated a buy by analysts 'Thewrongprice' check what they've said :-
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.

[slapmewithakipper] 14/6/2003 13:56

Someone has lit the fuse !

[pictureframe] 13/6/2003 09:54

Think this is the next one to double up

[hari] 13/6/2003 07:43

Yep agreed,

A recent drop..MM playing games coz this has gone up quickly again.

[pictureframe] 13/6/2003 07:40

might be worth a punt seems to be picking up pace

[tomian] 12/6/2003 08:52

Does anyone know on what date the bank decides OBS fate?

[exile] 06/6/2003 09:38

Paul Chambers.....not only tipped by Robbie Burns also heard mentioned at the trading stratigies seminar in London last week. Can anybody enlighten me on why
OBS is drawing interest? Took a small punt on these as a gamble today. With positive info these will fly! IMHO

[slapmewithakipper] 29/5/2003 19:13

Great chance to buy more !

10p very soon !

[alex495] 28/5/2003 23:26

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