Orbis Share Discussion Threads

[negus1] 13/12/2002 14:10

Whats gone wrong with orbis not long ago there were a good company so what being happening?

[dragonhorse] 13/12/2002 13:59

Velvetide : I would not walk out on a 70% annualised return on cash .... but what has that to do with Orbis and the risks over its equity ?

[jennie8] 29/11/2002 00:14

sure does,1p by close

[velvetide] 28/11/2002 22:04

you're right touch2002, looks like a kitchen sink job, accounting losses on the back of goodwill amortisation, heavy write offs against assets not to mention the exceptional items - the management were buying shares earlier in the year - looks like this time an MBO may be on the cards

(to the doom-mongers-the cashflow easily covers the debt - the cash gain for shareholders is about 35% of the market cap and that was just for the six months - the banks would not pull the debt as they effectively finance the operation which easily cover their charge - there are no assets to sell so to do so would be illogical)

dragonhorse if you sniff at a 70% annualised return on your cash let me know in what you're invested

[dragonhorse] 28/11/2002 21:22

Losses ..... debts .....the black hole they're teetering over is the only thing worth looking into here IMO. Keep your cash safe ...AVOID.

[touch2002] 28/11/2002 15:51

humm. cash inflow is a cash inflow however it is dressed as an accounting loss. May be worth looking into,

touch

[pictureframe] 28/11/2002 11:58

look like a dead un

[tony14] 28/11/2002 10:47

LONDON (AFX) - Orbis PLC said it continues to face difficult markets after
reporting a deepening in losses for the six months to Sept 30 2002.
Michael Holmes, who became chief executive in September, said: "It continues
to be a most difficult market for our traditional services."
He said the new management team is making progress in realigning services
and operations to meet the changing needs of customers. "Recovery will take
time, but we are confident that our strategy will succeed."
The group achieved an operating profit on continuing operations before the
amortisation of goodwill and exceptional items of 2.7 mln stg for the first
half, compared with 3 mln a year earlier, on turnover of 22.3 mln stg, up from
21.5 mln.
Pretax profit for the period, before amortisation and exceptional items, was
0.6 mln stg compared with 0.5 mln. After amortisation and exceptionals, the
pretax loss deepened to 3.146 mln stg from 2.198 mln. The board is not declaring
an interim dividend.
Cashflow improved, resulting in a net cash inflow from operating activities
of 4.64 mln stg compared to an outflow from operating activities of 45,000 stg
in the six months to Sept 30 2001.
The board intends to effect a longer term arrangement with its banks which
will be put in place prior to July 31 2003, when the current banking
arrangements expire.
Holmes said it has been evident for some time that the group could not
continue to operate as it had done over the previous two years. An enormous
amount of work has been done, and continues to be done, to change management and
their attitudes and abilities, to improve operational structures and to remove
non-performers, he said.
This is being carried out against the background of an increasingly
competitive market for the group's traditional service offering and the failure
to renew a number of contracts. "In the short term this will inevitably impact
on the profitability of the group," he said.
He said the group must pursue this course of action, however, if it is to
fulfil its strategy of being a major provider of more comprehensive services to
property owners whilst remaining market leader in void property protection.
[e-mail]
slm/

[dragonhorse] 15/11/2002 20:08

Merrill appears to have had 50,000,000 of the 'stinkers' ...although they 'flushed' away over 2% of that holding earlier this month (see RNS 6/11/02)

I'd personally ignore the ramps and WATCH out for any continued 'flushing'.

[dragonhorse] 06/11/2002 10:37

Withering. Assets. Terminal. Capital. Helter-skelter ...... WATCH ?!

Eaglet still too heavy to fly .... jettison doo doo ....RE. 16/10/02

Bon chance.

[dragonhorse] 22/10/2002 21:26

Rhiannon ..... curious about WDIK ... that wouldn't be "Will Dive I Know" or "Widening Debts It's Knackered" would it ?

Bon chance.

[hi5] 11/10/2002 19:44

RAMP, RAMP, RAMP one more and you might be able to bail out when it hits your stop loss.

[rhiannon] 11/10/2002 14:16

Somebody trying to buy the business today by the look of the trades (grin) WDIK

[rhiannon] 10/10/2002 09:37

Still looking good, soon this trickle of buys will turn into torrent. wdik.

[rhiannon] 09/10/2002 14:32

On the move UP again today. wdik ( against the market trend.

[rhiannon] 05/10/2002 15:05

OBS been on its death bed if you read far enough back in these posts. Been in intensive care for a month or two . Now when the doom and gloom is at its worst in the world. It is making its first steps on the road to recovery. Like a few more no hope penny stocks if you look hard enough.WDIK.

[rhiannon] 03/10/2002 10:23

OBS GET READY FOR ANOTHER MARK UP. WDIK.

[rhiannon] 02/10/2002 23:38

Gradual build up in price against the run of play in the last week or two. Soon be the IN place to be for the penny share brigade. WDIK.

[rhiannon] 02/10/2002 13:46

Lot easier on the nerves day trading this one than ARM. Come back here for a rest. Looking GOOD.wdik

[gorwel] 02/10/2002 09:16

does seem interesting.
anyone aware of any particular reason for the rise?

[pictureframe] 01/10/2002 12:43

get ready for another rise

[pictureframe] 01/10/2002 12:22

up again today

[pictureframe] 30/9/2002 07:46

WHATS UP HERE THEN