Open Orphan Share Discussion Threads

[judijudi] 28/7/2022 11:18

No point trying with him
He’s blinkered and talks utter garbage
Very few people (other than of course himself ahem) are buying
Far more are selling
Hense the share price being bombed out
Clueless springs to mind

[chica1] 28/7/2022 10:56

Judi literally everything Trout has expounded so far has been utter rubbish.Some morons still listen to his tosh.
Its obvious the market has a problem with the companies direction so a Dutch action buyback would allay the fears that institutions,individual investors and the market in general has.

[troutisout] 28/7/2022 10:55

I am buying at these levels, you run out of cash?

[judijudi] 28/7/2022 10:44

Who is buying at these levels?
We are at these levels because people are selling
Some folk are blinded

[troutisout] 28/7/2022 10:39

What about those quite happy to be buying shares at these levels, those that would like to buy at these levels when funds become clear.... There are two sides to the argument, if you are a long term holder then the current share price is immaterial apart from making your portfolio look a little sour (however ORPH will not be the only investment dragging portfolio values down).

JudgeJudi, calls on CF to throw a couple of million at it in a buyback, I thought Mo was now the CEO?

I can see reasons for the Company to keep it's cash, I suspect they will be looking at expansion, whether that be more facilities, more Challenge Models (remember Vaxart are only funding half of the Omicron Challenge Model) and I suspect they will be looking at potential bolt on acquisitions closely at the moment.

Let the Company get on with running the business and making it more and more profitable, the share price is to be gamed by market participants until such a time as the business fundamentals scream for a revaluation or indeed a takeover of ORPH itself.

[chica1] 28/7/2022 10:35

How a Dutch Auction works..


It can get pretty complicated, but let’s look at a simplified example to help illustrate how a dutch tender offer works.

Let’s say that a fictional company called ABC Widgets conducts a Dutch auction for $10 million worth of shares, and it sets a price range between $10 and $15 for each share. Let’s assume that investors offer 500,000 shares at $10. At that amount, it means ABC would only meet half its sale threshold, at $5 million. (500,000×10=5 million). Now let’s say that the next batch of investors offers 400,000 shares at $12.50, worth another $5 million (400,000X12.5= 5 million), bringing the amount to the $10 million it has allotted.

ABC would end up purchasing those shares. However, if other shareholders offered to sell their shares above $12.50, ABC would not buy those shares, as those shares would exceed its aggregate sale amount.

ABC would essentially buy the shares at a weighted average price between the high and low ranges that meet its $10 million purchase price. (A weighted average is similar to an average, except that it weights some of the data points more heavily than others.)

Although the company will set its auction range at a premium, or higher than its existing share price, it can potentially save money on the share repurchase by buying some shares at the lower price, and others at higher prices. Investors have an incentive to sell by potentially benefiting from a sale at a higher price than the lowest one in the auction range.

Good to know: Often, companies will create something called an odd-lots provision. That’s for investors who own very few shares, typically fewer than 100. The odd-lots provision ensures that all of the shares are purchased at the prevailing price following the auction.

Something else to think about: A company that conducts a Dutch auction tender offer will typically do so over a set period of time, generally between one to two months. It is not required to complete the offer, and can cancel it at any time.

[toyin] 28/7/2022 10:24

trout, I dont want a share buyback to prop the price up for a few shareholders. I want it to enhance returns for long suffering shareholders, the board keeps telling us how undervalued we are, so take advantage of the price and cancel some shares.

[chica1] 28/7/2022 10:22

They could incorporate a quarterly (range bound) dutch action buyback of 500k.
First 1 between 10.5p and 13p.

[judijudi] 28/7/2022 09:59

What a load of utter tosh
It’s not massaging the share price for a few shareholders!
It’s taking the seller/s out for every shareholder!
The business is doing very well and the share price is not reacting positively!
And Who exactly is making money out of OO now?
Other than maybe some people with cheap options or free shares
Just take a look at the graph! The lowest price for years!
Laughable comments from Mr Rose Tint

[troutisout] 28/7/2022 09:53

If it were that simple they would have done it, it isn't that simple, better keeping the cash for business investments, rather than massaging the share price for the sake of a few 'shareholders', after all if the business does well, the market will eventually move the price up, the sellers will run out of stock to sell and the price will follow the business progress.
At the moment I think there are a few trading groups playing with ORPH and making good money out of it, during an economic downturn, PIs can be shaken out easily, especially if accompanied by a tirade of negative feelings posted incessantly.
It's far easier to scare a holder into selling, than it is to persude someone to buy shares.

[m5] 28/7/2022 09:48

They are indeed.

[judijudi] 28/7/2022 09:41

Exactly
A lot of companies are now doing it
Take the sellers out

[manc10] 28/7/2022 09:36

all they have to do on a buy back, i see shell are doing one starting today is buy large shareholders out that want out eg these constant sellers

[troutisout] 28/7/2022 09:20

Becaause if he does, the price spikes up (which is what you are hoping for, isn't it?), then the persistent sellers go thank you very much and drop the price back down as they rush to exit, holders get even more upset with the price action, we end up where we started, but the Company is 2 million worse off and the persistent sellers (and I suspect some traders) have sold at a higher price and profited from the whole thing. Not sure a buyback helps long term holders while we are in a state of not knowing how much is still to be sold.....

[judijudi] 28/7/2022 09:12

This is exactly why I cannot understand why CF doesn’t throw a couple of million at it in a share buy back?
We have the funds

[m5] 28/7/2022 09:08

Judijudi28 Jul '22 - 08:52 - 4468 of 4470(premium)

I know, that is the big issue. The signals on the charts are correct IMHO. We break certain areas, bullish signals. but then the sells come in. We have had it so many times that people lose interest and move on. You can't blame them. It has to change, I bloody hope so anyway!!

[m5] 28/7/2022 09:05

Thanks. I hold my hands up and say I have not called much right but trying to call bottoms in a downtrend is very hard indeed, especially when we have had a persistent dumper. Longer the timeframe the more validity you can put in it, but like everything there are no guarantees. R V R from these levels I would say is outstanding.

[judijudi] 28/7/2022 08:52

m5,
As you know I take no notice of your charts other than to take the mickey
But even I can see it can’t much lower. Can it?
So you may just be correct this time
But the problem as I see it is we can’t hold any little rises

[666james] 28/7/2022 08:50

Thanks m5 I appreciate your contribution even if I can't always follow the charts

[m5] 28/7/2022 08:47

free stock charts from uk.advfn.com