So typical of NZ software companies (Wynyard and in the past, Provenco) to bid aggressively for contracts and then, bleed to death servicing the contracts.
Sounding like Orion is no different - what a shame.
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Yeah but it will be good to see them at last being called to account for their actions. They have had venrure capital before as well,
I see that the CIO of XXXX dhb retweets their tweets.
As various people have pointed out then this is just a portal which gathers data from underling systems and brings it up for a view.
This means that every site will require a large amount of custom written middleware to tie this all together,
Do any shareholders think a 90c share is worth buying?!
I can't make any sense of it
Not for me now at .50 may be a small buying but not via this cap raising imo.
The advise I have been given is to take up the rights offer to avoid dilution or sell them on the market. Have been told it is a high risk but potentially lucrative opportunity ...or not. I am still undecided having lost a lot having faith in Wynyard surviving :confused:
I find it hard to justify 90c. Will likely be able to buy them on the market for less before the months end.
My holding is down 65% since my initial investment last october. I guess I'm screwed either way!
Disc- bought a few OHERA today.
Orion have finally given a financial forecast for next year - $200-220 million revenues and profitable by 2nd half of FY18! I am sure many of you noticed this, but no one has mentioned about this on this forum...Market cap is $160 million ($190 million after rights issue at the current price). Approximately 40-50% of the revenue is recurring.
Current research spend of 30% of revenue is excessive and will come down in the future.
I see good value at this price, but future is very uncertain!