Orange: not juicy enough
Article Abstract:
Orange shares should perform well when dealing commences from April 1996. The offer price range is under the estimates of the company's market value, according to most analysts. The company has increased the number of its subscribers and could account for 25% of the UK mobile phone market by 2005, but growth involves expensive investment. Orange is likely to report a profit by 1999, but caution should be exercised over long term forecasts for the company's profits.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Low price of oranges
Article Abstract:
Orange plans a flotation which gives the company a value of between 2.2 billion pounds sterling and 2.4 billion pounds. Most analysts, in contrast, put a value on Orange of 2.8 billion pounds. The company is seeking to raise some 600 million pounds by selling a stake of 26% of its share capital following enlargement. This figure would be reduced to some 530 million pounds if the lower figure were used. The company aims to eliminate borrowings from the share issue.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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