But there was valid reasoning behind why a decline would take place... Not so much for its sudden, sharp rise.
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just skimming the annual report, I thought their cost cutting plan was targeting R&D, (seems they fired 40 staff in april) surprised to see staff numbers growing for R&D and Shrinking for all other divisions except for managed services? Maybe one last push on R&D then serious fat trimming.
Have been buying a few recenly at $1.24 anyone else having a nibble?
Anyone went to the agm? Anything exciting?
Have they done enough?Doesn't look like revenue will markedly increase
http://www.sharechat.co.nz/article/0...ting-loss.html
After this ann today this S P will be definitely heading lower, sales static at best and only hope in the short term is to cut costs , big operation loss again, how much capital do they have which means another C R @ .65-.75 imo !!
Operating cashflow is ugly. Too much staff or not enough revenue. According to the strategy its too much staff hence are they going to layoff more?
I hears that the morning Nat Business radio report on Orion was doing a review on it which said that a C R was on the way , only question to my mind is at what price .65- .75 ?