Did Orion indicate to find a partner before? Is this a change in direction because its original approach has not worked? Would cash burning accelerates and thus ask for new capital in near future? An announcement without financial figures does not mean much to me. Desperate for something?
Excerpt from local research analyst view on the Cognizant deal: "As a platform as a service contract OHE will receive a fee per member Cognizant puts on the platform and it is usual for these agreements to have minimum amounts. As such we envisage it is quite possible this agreement could deliver US$20m to US$30m of revenue to OHE within a few years and it could start making a contribution in the second half of 2016. Realistically this could be bigger than CalINDEX longer term."
Sentiment has been overwhelmingly negative on this board. Market action on Friday suggests we might have found the bottom.
This company seems to be finally coming into favour some significant contract announcements in the last month. The share price has just crossed the 180 day moving average
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