Orion Health

[Jonboyz]

AGM: Orion Health saved?

"The mood was generally downbeat as investors scoffed into the sausage rolls after the main AGM presentation..."

SOURCE: https://www.nzherald.co.nz/business/...ectid=12133606

[babymonster]

well... just can crossed my fingers.

[Balance]

well... just can crossed my fingers.

Reading the NZ Herald article, seems to me that McCrae is undertaking privatisation by stealth.

Under his leadership, OHE has burned through $125m of the IPO money while he has extracted over $2m of salaries & fees since listing. The BOD took over $700k of fees last year!

Chairman Ferrier's fees were $195,000 per year!

Cannot see him (McCrae) being prepared to carry those kind of fees post share buyback in a severely slimmed down OHE, can you?

If I had shares, I would hold and see him out - he is sure to privatize post the share buyback and will pay more than the share buyback price imo.

[RupertBear]

Reading the NZ Herald article, seems to me that McCrae is undertaking privatisation by stealth.

Under his leadership, OHE has burned through $125m of the IPO money while he has extracted over $2m of salaries & fees since listing. The BOD took over $700k of fees last year!

If I had shares, I would hold and see him out - he is sure to privatize post the share buyback and will pay more than the share buyback price imo.

Thanks for sharing your thoughts Balance, I was considering bailing out today and putting whats left of my investment somewhere else as I can see this dragging on for quite sometime and the sp staying stagnant or going down. Hmm not sure

[Balance]

http://nzx-prod-s7fsd7f98s.s3-websit...705/289085.pdf

OIO approval received - this is the one condition which McCrae referred to as probably the most opaque with no idea of time line.

So shareholders could very well get their payout by Christmas 2018.

[RupertBear]

http://nzx-prod-s7fsd7f98s.s3-websit...705/289085.pdf

OIO approval received - this is the one condition which McCrae referred to as probably the most opaque with no idea of time line.

So shareholders could very well get their payout by Christmas 2018.

Hope so, would like to see the back end of this mutt.

[Balance]

Hope so, would like to see the back end of this mutt.

Haha - buy more!

[RupertBear]

Haha - buy more!

Not on your life! Been there, done that, got stung more than once!

[Balance]

Not on your life! Been there, done that, got stung more than once!

https://www.nzx.com/announcements/326264

Range updated to $1.20 - $1.25

In time for Christmas 2018!

[babymonster]

well, 50% loss is better than nothing left...