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Why no share buyback at Open Orphan?

By Tom Winnifrith | Wednesday 26 January 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Some folks are pissed off at the share price and ask me why Open Orphan (ORPH) does not use some of its cash to buy back shares? I put this to Orphan’s boss Cathal Friel who says:

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