Orcadian Energy Share Discussion Threads

[ericthecat] 03/4/2007 12:49

Yes, I have asked some questions re; zip will let you know the answers.

I think they could sell ORCA as a whole as the company buying it will want the name as believe it or not it does have a good one. It was ranked 2nd out of all the middleware companies in October last year, now there are more than 30 middleware providers so its no small achievement.

I am still hoping for a complete sale. i do not think emoze will be ready for floatation for another year and the city is unlikely to stomach one from blz!

[eenmakkie] 03/4/2007 12:33

They will sell the technology and keep the cash for further investments, the same as ADA does.
If the total price is cash at bank plus takeover offer about 45p per share, as you said.
Orca will not trade over the longer term above the 25p, look at Ada there the same happens.
And remember that Emblaze has 60% of the voting power so if they do deside to keep the money as always, there are no institutions to vote agains them for a quick pay out of the money.
Look at the share price, over the longer term the market is always right!

Maybe in the short term it could be wrong so you can take advantage of it but the share price hasend been trading above 21p for a long time even with the takeover rumor.

At best you gonne get Emoze for the money of Orca. But at a big price and delution of shares. So the cash per share will drop to the low 10p s.

What's your idea of ZIP, the last result where not that good as promised, no earnings and a lot of loss.
They even didn't spoke about the sell of the Ki-Bi technology back in October 2006. Can not beleave this!

[ericthecat] 02/4/2007 12:02

eenmakie, you are wrong about the ada business being bigger than orca. ORCA business iptv is about to start going forward over the next 10 years to grow into a huge market, trans-coding was always a transitional niche technology that will never amount to much.

There are recent reports stating iptv to be of huge importance over the next 3 years. I am not saying ORCA on their own will get a chunk of this, but the telcos do want chunks of it and having ORCAs s/w will help them. Remember they were voted 2nd in class by the industry @ the end of 2006!

My only question is will they sell the company intact or will they sell the technology?

[eenmakkie] 02/4/2007 11:21

could buy back 70000 shares at 17,5p but after I looked at the Emblaze results, do not going to do it.
It look to me with the very long final results that they are preparing to sell orca. But taking in mind that Emblaze has only 60% of the shares and Adamind that was sold for 5,5million$ and now trading well below its cash level, I am happy to be out of this.
always thought that the Adamind business had a bigger value than Orca, specialy because it is the market leader in its field.

They will sell the business and keep the cash and become an investment company, the same trick as Adamind.
They never gonna pay back money to the other investors.

Emblaze also was going to pay a cash dividend, they used the cash to bail out Eli.
Not insider investors are always fu*¨*t with them.

good luck to the ones that still hold there investment in Orca

[eenmakkie] 02/4/2007 10:00

Offer talks

On 12 January 2007, following press speculation in Israeli, the Company announced that it had received preliminary approaches expressing an interest in making an offer for the Company. Discussions in this regard are continuing and due diligence information has been provided. The Company would like to reiterate that there can be no certainty that any formal offer for the Company will be forthcoming. Further updates will be provided in due course.

no certainty that any offer for the company will be forthcoming

[ericthecat] 02/4/2007 09:49

Yes, very good and very interesting......"approaches" come on bidding war;-)

The Israeli IPTV middleware and applications provider reported a net loss
for the year to December of 5.3 mln usd compared with 3.5 mln usd, as revenue
declined to 3.3 mln usd from 5.3 mln usd in the same period.
"We are hopeful of recognizing revenue in the current year with the Israeli
franchise of the Global Media company, dependent on the successful delivery of
our product," chief executive Haggai Barel said, adding that timing of revenues
remain difficult as consolidation continues to be a market feature.
Providing an update on offer talks, Orca said discussions are continuing
after it had received preliminary approaches expressing an interest in making an
offer for the company.
[e-mail]

[par12] 02/4/2007 08:35

Fair value at this price then;

[ericthecat] 30/3/2007 10:48

When you look round the iptv middleware companies, with the exception of microsoft ORCAs competitors are not producing the business. Even microsoft has its problems with AT&T looking to alternatives.

Anyway April is very nearly here and I expect news regards the takeover this month, so cross your fingers and hope for a complete buy-out @45p.

[par12] 29/3/2007 20:31

I have it on watch;

[eenmakkie] 29/3/2007 12:02

If you love cash rich shares take a look at Sycamore (scmr) on the NASDAQ, with the new laws there is a better protection now in the US.

It has +900million$ in the bank, no debs what so ever, it makes about 3,20 cash per share and it is making money, more and more now.
trading at 3,76$ just because the option backdating scandal but this is almost solved so the delisting of Nasdaq should go away. Only 3 weeks more to wait.

anyway if it gets delisted and trades on the pinksheet for some time till it solved the option investigation, and it drops big on this news of delisting, it will be the perfect buying oportunity you will get.

Has the same business as Sisco but is much smaller, about the range of Juniper Networks.

good luck

[par12] 29/3/2007 08:36

I know how you feel; I have a very simular story as you except no ZIP shares; So I hope it goes better; I still have ADA shares and hoping for a fair exit at plus 30p; just hoping. BLZ maybe a good punt later in the year; but as to now I think any buyers are so nervous that one shake and branches fall off !!


888 and SKP; plus trades on THUS SBT and PRTY seem safer bets for me nowerdays

More liquid

[eenmakkie] 28/3/2007 21:40

PAR
If the takeover rumour dies, this will trade again below cash level, the latest cash level.

I was in Emblaze for years and jumped ship at 143p after Eli has sold (little gain) had 25k shares.

Sold out on Orca after the Emblaze news last weeks at 17,25p, only 70k shares with a little loss.

Still hold 70k shares in Adamind and want to get out, but are not so nervous anymore about it.

But the ZIP story, are very heavy in, just still haven't to make public my holding but I am not proud about it.

Still have some small hope because Emblaze and Co hold almost 90% of the shares and they will not rip from them self's.........

[par12] 28/3/2007 15:52

Insiders now getting out see BLZ as well; honeymoon now with the city now OVER

[par12] 28/3/2007 09:48

Are you saying ORCA is worth 12p approx

[eenmakkie] 27/3/2007 21:44

robhammers - 26 Mar'07 - 13:30 - 981 of 987
I think this will be sold. Should have approx $15 million left


This is $15 million left in the bank at 31 december 2006.


The year end results should look like something as this : (I think)

Cash and cash equivalents 12,7 million $
all liabilities together 5,8 million $
receivables 0,8 million $
property 0,45 million $
TOTAL 8,15 million $

shares outstanding 35,7 million

Neto cash per share 0,117£

[par12] 26/3/2007 16:48

Seems like we have a seller

[robhammers] 26/3/2007 16:21

longer it takes the better-shows interest is real

[par12] 26/3/2007 15:11

ADA could snap up the shares directly from BLZ as well;

[hotfinance14] 26/3/2007 15:10

I dont think it will be sold...taken too long.

[ericthecat] 26/3/2007 14:57

yep, agreed sale price 45p increasing customers and increasing pipeline will only strengthen their hand;-)

[deep powder] 26/3/2007 14:40

that would still be more than current market cap..

[robhammers] 26/3/2007 14:30

I think this will be sold. Should have approx $15 million left

[deep powder] 26/3/2007 14:11

Hear what you say but the fact they make no reference to bid talks surely means they are still ongoing, or else would have to announce 'termination of talks'??

[britishbear] 26/3/2007 11:18

New deal - flatline.

They need many more such deals - all small fry sign-ups though.