Orbis Share Discussion Threads

[mikehardman] 13/3/2007 13:08

added a few more, 3.5



it's seen better days!

[mikehardman] 21/2/2007 16:47

thnx Richard

[richardbonny] 21/2/2007 16:20

MikeHardman - caution. They are going to do a capital restructuring ie a debt for equity swap. We have no idea what current shareholders will get but probably virtually nothing. With debts of £50 million and current market cap only £0.5 million shareholders have no bargaining power unless they can obstruct it in some way. But you never know!

[mikehardman] 21/2/2007 15:58

AGM +ve, bid tick up
still a deep bottom-catching opp.

and when I say deep, I mean deep... :)

[mikehardman] 31/1/2007 18:23

ah - we moved the price up :)
well nobody said a 'recovery' has to take ages! :)
OK, I'll settle down;
after all, we want this to do an AUK, as you've said, Nap
then it will be much more liquid and with a tighter spread when we gracefully depart

[mikehardman] 31/1/2007 14:44

welcome Nap

just added @3p myself

[napoleon 14th] 31/1/2007 09:51

Picked up just a few (£1K's worth) as part of a "recoveries" portfolio.

[mikehardman] 30/1/2007 11:38

added a few ~3p;
up a bit more in its upturn;
...rather like AUK used to be even when its turnaround was evident but not widely believed...
I hope to be able to sell out of OBS in a similar fashion - when spread, liquidity, perception, and share price have all improved - give it a year;
a bit more volume building now (all things relative!)

[mikehardman] 29/1/2007 14:33

further buying today (following from Friday, when bid ticked up);
last man on 3p now;
its restructuring is largely complete, with 14dec06 finals already showing much improved cash flow, etc. (though note they were for 18 months not 12)

[mr gary curtis] 18/11/2006 09:28

If it ten bags from here I might be able to buy a beer from my holding.

[stromboli] 17/11/2006 17:53

This is second day someone buying big. Much bigger than 50,000 showing as buys.

[mikehardman] 17/11/2006 16:13

+33% today :)
and up through the 3p level

[mikehardman] 17/11/2006 09:34

richard - appreciate that comment - thnx

[richardbonny] 16/11/2006 20:20

Mike Hardman - yes if they can slowly repay their debts it might come good over perhaps a ten year time frame. Interesting thing is their turnover is not bad, around £40 million per annum. They are able to service the interest on their debt but not to actually make a profit due to write off of goodwill every year. Some bright spark might be able to sort them out with some financial re-engineering - however, needless to say they don't have any bright sparks. Yes there is 100 bagger potential if someone could only get a grip. In our dreams!

What on earth happened today? Somebody actually buy some shares? Why I wonder?

[mikehardman] 16/11/2006 18:23

answer: hopefully before Xmas/New year (and these finals will be for an 18 month period, following the change of year-end previously notified)

[mikehardman] 16/11/2006 15:48

long a few, 2.5
breaking semilog falling resistance
100-bagger potential (well that's one way of looking at it!)
recent interims then AGM OK as regards starting to turn the business around
finals (not sure when, but prob. no long), if goodish, could be enough to promote a re-rating
spread 2/2.5, just to warn, but not surprise!


update:
blimey - that moved it pronto! - 2nd % gainer now
don't know where TDW placed my trade, ain't showing on ADVFN; possibly others to print later and/or elsewhere, I guess

I've emailed the company secretary to see if I can get a clue when the finals might be published (apart from 'soon')

[jotoha1] 30/8/2006 13:17

This shower are working for their bankers only...it will take them forever to clear the debts....they might as well go into admin and start again!!!

[atomic dog] 15/8/2006 10:38

Market capitalisation of Orbis = £300,000. Annual fees payable to Mr Warriner (who is not even a Board member) for providing polite advice = 121,000 euros (0.6p/share). Well I suppose they can keep him on for a couple of years before they go bust! I think shareholders would have preferred a payment to themselves of 0.6p/share instead however.

[richardbonny] 26/4/2006 20:49

Have tried several times to sell a few shares online but can't. This is like a dead albatross floating on the sea until the carcass rots away. Will eventually get something back by setting my loss against CGT - if I could only sell it.

[buzzardweb] 05/4/2006 15:35

Women and children first. Is this going down Knowing?

[soti] 20/2/2006 09:40

hello fellow traders-just caught my attention there are brokers who do t40 trades.
ALSO IF THERE ARE LONDER FACILITIES AVAAILABLE OR T40 IS MAXIMUM

the most i heard of is t25.

please advise which brokers offer those facilities. ASAP, TO ME IT WOUL BE A DREAM. THANK YOU.