ORG +1.38%: Provided a ‘strategy refresh’ today and talked about the next leg of growth for the company, very much with the energy transition in mind. ORG are good at this, talking up future opportunities, they just have a bad habit of surprising on the downside when it comes to linking those opportunities with actual earnings. In any case, they did say they would buy back $250 million shares starting in April with more to come from there, they talked to adding 600k broadband accounts by FY26 (which is good for Aussie Broadband as they are a white label version of ABB’s offering) and said they would have 5000 electric vehicles under management by FY26. This 5 year aspirational timeframe is becoming quite popular in the market these days – not sure whether I like the trend or not!
MM is neutral / marginally bullish ORG
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