MICROSOFT MEDIA EMBLAZED

"wheres Eric now, he was the one who raved obout Orca, was a better buy than BLZ according to him!!"

And I've got a share price competition running with someone (not Eric) until the end of 2006 on Orca v. Oilexco (the competition started when both share prices were 147p).

The current broker forecasts for Orca look interesting. They will now be out of date but a year's delay would not be disastrous. You read that possible p/e of 2.1 here first.

Forecasts
Year Ending Sales (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-05 10.80 0.20 0.60p 75.8 0.1 +841% n/a 0.0%
31-Dec-06 21.00 8.60 21.90p 2.1 0.0 +3,550% n/a 0.0%

Covering analysts: Altium Securities

I'd probably put a 'speculative buy' recommendation on Orca now. Strip out the cash and it looks good value.

From the IBG board today.

littleredrooster - 1 Jan'06 - 14:42 - 11 of 13 edit

I found this reply from Giles Hargreave rather amusing (in a good sense).

https://www.hargreaveslansdown.co.uk/siteredesign/fund_facts/ff_glance.asp?fund_id=2925
(click on Click here for more - HL Research, Fund, Sector & Group Comment)

How would you describe your approach to investing then?

Well, we have a very simple approach. We like to try and buy shares that go up, and we like to try and avoid shares that go down. Now that may sound incredibly simplistic, but to give you an idea, my perfect share is one which has the potential to go up several times and has a risk to go down very, very small amount. And a year ago it was possible to buy shares like that, for instance, where most of the market cap was covered by cash and they had an emerging business which if it became successful then you`d get a value for the business, whereas previously there was no value and it was just cash. And that to me is a perfect share to buy, because buying shares which have a lot of risk in them and have a lot of potential to go down as well as to go up I find quite a stressful business, and to be avoided if at all possible.

31/10/2005