Orbital Engine: Die Leiche zuckt - 500 Beiträge pro Seite

[Mo2]

Die Meldung im amerikanischen Yahoo von heute besagt, dass OE ab Juli bis zum Jahresende bis zu 5% der Aktien zurückkaufen will, weil sie (ich auch!) der Meinung sind, dass OE unterbewertet ist. Heute schon plus 13% in USA bei deutlich höherem Umsatz. Habe vor langer Zeit mal einen Teil meiner Turbodyne-Gewinne (ja, richtig gelesen) in OE investiert, aber seitdem gings nur bergab, hätte ich TD eigentlich auch behalten können ;-)

Thursday June 17, 8:08 am Eastern Time
Company Press Release
SOURCE: Orbital Engine Corporation Ltd.
Orbital Announces Share Buy Back
PERTH, Western Australia, June 17 /PRNewswire/ -- Orbital Engine Corporation Ltd. (NYSE: OE - news) today announced it intends to buy back up to 5% of the Company`s issued capital on the open market.

Orbital`s Board believes the current share price does not fully reflect the underlying value of the company, and while these price levels prevail, a buy back is an appropriate use of shareholder funds and is consistent with the Board`s capital management policies. The company will continue to be in sound financial condition, with strong cash reserves and excellent progress made in the commercialization of Orbital Combustion Process technology. Orbital believes the advanced status of programs with customers across each of its business units provides the foundation necessary to generate the sustainable revenue streams shareholders expect.

Orbital today completed the necessary filings with the Australian Securities and Investments Commission and the Australian Stock Exchange, paving the way for the buy back period to commence on 2 July 1999 and conclude on 2 January 2000. Orbital intends to buy back up to 16,000,000 ordinary shares (equivalent to 2,000,000 ADRs). Under Australian regulations, a fourteen day notice period is necessary prior to commencement, and a maximum term of six months, unless extended, is permitted. The regulations allow Orbital to buy back up to 10% of its issued capital in any twelve month period without seeking shareholder approval. All shares purchased under this arrangement must be canceled.

Orbital is a leading international developer of engine technologies using direct in-cylinder fuel injection and lean burn systems for enhanced fuel economy and lower emissions. The company serves the worldwide automobile, marine, recreational and motorcycle markets in four facilities throughout the world. Orbital stock is traded on the Australian (OEC), New York (OE), Berlin (ORE) and Frankfurt (OREA) Stock Exchanges.

SOURCE: Orbital Engine Corporation Ltd.

[Mo2]

OE-Schlusskurs 2,25 Dollar, das sind gut 16 Prozent. Und auch mein zweiter Zombie bewegt sich: OBJX heute plus 30 Prozent - schöner Tag heute.
Gruss,
Mo