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188 posts

Master Geek


Topic # 8683 21-Jul-2006 10:47
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Do you guys really think that Orcon can afford $80+ million dollars into an ISP?

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Wannabe Geek
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  Reply # 42133 21-Jul-2006 11:15

I do a lot of dealings with Orcon and yeah those guys can definately afford it. The moment I heard iHug was up for sale I knew Seeby Woodhouse would be the first to show interest. The last time I checked Orcon is woth $20mil but ya never know...Annette Presely might have a suprise up her sleeve.

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  Reply # 42134 21-Jul-2006 12:10
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Orcons key staff and accountancy team are really the only ones who know for sure, but give Orcons success story, and Seebys obvious business-savvy, I dont see why they wouldnt be an excellent candidate...




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Master Geek


  Reply # 42137 21-Jul-2006 12:18
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Well... from what I heard, it went on $35m




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  Reply # 42139 21-Jul-2006 12:42
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It's only the NZ ihug that's for sale. In 2003, iiNet bought both the Aussie and NZ operations. With an ARPU of A$22.40... how much is ihug really worth?






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Wannabe Geek


  Reply # 42145 21-Jul-2006 13:17
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http://www.stuff.co.nz/stuff/0,2106,3738664a13,00.html talks about iinet wanting 6 times ebitda which seems high ($35m). A company like Vodaphone will probably pay higher than normal to enter the market - and give Orcon fight.

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Reply # 42146 21-Jul-2006 13:18
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Vodafone might as well buy Orcon and Ihug at the same time... see if it can get a volume discount.






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Master Geek


  Reply # 42150 21-Jul-2006 13:32
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Why was iiNet's purchase so expensive? how big was ihug in OZ?

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  Reply # 42151 21-Jul-2006 13:35
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Wasn't that much - cash, A$31 million (from memory, check if you want to make sure), plus 25 or so million shares on top.






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Master Geek


  Reply # 42153 21-Jul-2006 13:46
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How does "Shares" work - can they sell it off straight away?

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Master Geek


  Reply # 42154 21-Jul-2006 13:48
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Wanting to get through un notice Quick Silver is also under private sale negotiation this week. I'm waiting to hear the final word, who's going to take it over and how much it will go for.




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Master Geek


  Reply # 42155 21-Jul-2006 13:50
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It would only be a handfull of potential buys - Vodafone, Telstra and maybe Orcon - (and maybe maybe Slingshot)

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  Reply # 42156 21-Jul-2006 13:52
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portege: How does "Shares" work - can they sell it off straight away?


Not sure - seems the Wood bros got part of the sales price in cash, and the rest in iiNet shares as per the going rate on the ASX. Whether or not the could sell them straight off I don't know. Probably not a good idea, as dumping a large amount of shares tends to drive the price down.






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Master Geek


  Reply # 42157 21-Jul-2006 13:55
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yeah good point - wonder if they are still on the NBR rich list, hope they have got rid of the shares before the iiNet shares crashed

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  Reply # 42190 21-Jul-2006 17:36
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portege: yeah good point - wonder if they are still on the NBR rich list, hope they have got rid of the shares before the iiNet shares crashed


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They have a net worth of $65 million dollars




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