Orion Health

[BlackPeter]

Sub $ muck !!

I suppose the $1 will probably provide a bit of support, but lets just get used already to call it a penny-dreadful ...

Just remind me - what did they sell the share for at IPO - Was it $5.75?

I guess what Ian McCrae really did was selling the shares much too dear and that way keeping a much higher share of his company than what he deserved. Funnily this is exactly what brings the company now down. A stronger and independent board might have been able to avoid this disaster ...

Anyway - terrible trend. I definitely wish employees and holders a good outcome, but don't think that now would be a good time to buy in. They definitely need first a board with some (more) commercial competencies to turn the ship around.

DYOR

[sb9]

Sub $ muck !!

Gosh, that got there quicker than I anticipated....

[whatsup]

I suppose the $1 will probably provide a bit of support, but lets just get used already to call it a penny-dreadful ...

Just remind me - what did they sell the share for at IPO - Was it $5.75?

I guess what Ian McCrae really did was selling the shares much too dear and that way keeping a much higher share of his company than what he deserved. Funnily this is exactly what brings the company now down. A stronger and independent board might have been able to avoid this disaster ...

Anyway - terrible trend. I definitely wish employees and holders a good outcome, but don't think that now would be a good time to buy in. They definitely need first a board with some (more) commercial competencies to turn the ship around.

DYOR

BP and don't forget that OHE couldnt/wouldn't give earnings guidance , that should have been a warning to all, BEWARE !!

[sb9]

BP and don't forget that OHE couldnt/wouldn't give earnings guidance , that should have been a warning to all, BEWARE !!

Yes, of course that was big red flag at the time of IPO...

[KiwiGekko]

A little birdie tells me that job cuts are just around the corner... The figure of 20 - 25% of jobs was being thrown around. I guess time will tell how accurate that estimate turns out to be.

[winner69]

OHE should be getting (or already got one) a speeding ticket

[carrom74]

OHE should be getting (or already got one) a speeding ticket

For going so fast on the reverse gear??

[winner69]

For going so fast on the reverse gear??

Yep - losers get tickets as well

They might know what's causing the price to fall - sorry joking as no doubt they are fully compliant with disclosure rules and have no idea why punters are selling

[hardt]

Yep - losers get tickets as well

They might know what's causing the price to fall - sorry joking as no doubt they are fully compliant with disclosure rules and have no idea why punters are selling

They wouldn't issue a ticket a week before the report...

20-30% drop weeks before the already downgraded report, would be iffy if the result falls short of the already lowered guidance from April.

[Beagle]

Looks like this is going under $1 today. SIGH...if only it was so easy to pick winners... This thing has had "recipe of losing capital" written all over it in neon lights for a while now.
Interestingly for advocates of simple technical analysis, selling when it crossed down through the 100 day moving average, (and not buying back till it crossed up through the same indicator) would have got you out in the mid $4 range and kept you out.

Agree Winner, speeding ticket for travelling too fast in reverse should be issued.