Looks like my IPO comparison with GTK was more similar than I realised; now including the obligatory post IPO bad news soon after listing and share dive.
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Looks like my IPO comparison with GTK was more similar than I realised; now including the obligatory post IPO bad news soon after listing and share dive.
Raised a few eyebrows when they refused to nominate a forecast. First IPO I can remember that has done that. A forecast however bull**** is a useful yardstick to measure the trust levels to afford directors. Unless you are an evangelist or a lifer it should be a requirement for assessment. Don't know much about Orion's strategy as I stayed clear due to various factors but some indication of when it is likely to hit profitability would be extremely useful. Relying on pure capital gains has its risks when the growth music stops.
They are indeed kiora, but I would say with good reason, unfortunately.....
looked into buying these shares but a few things did make me doubt and when I am not sure, I would rather wait and see. I think this is going to be a of a bumpy ride for shareholders, hope I am wrong for their sake....
Which brokers were principals for the IPO?
So the adverse impact this time was the iphone effect
http://www.nzherald.co.nz/business/n...ectid=11394467
Adverse 42 times in the prospectus .....must be more to cone
So this March quarter not going to be too flash either
While receipts from customers are traditionally slower in the third quarter of each financial year they were lower than expected in the third quarter of FY 2015 due to slower contract closures and billings in North America. Management expect this trend to continue in the fourth quarter of FY 2015. In addition receipts from customers were adversely affected by the on-going planned transition from perpetual licences to subscription contracts.