13/05/2022 09:19

Orica Ltd (ORI) $16.40

ORI was the strongest stock on the main board yesterday rallying +4.7% on a day when almost 15% of the index fell by 5%, the explosives company delivered a strong half-year result with the business enjoying a 25% lift in revenue. Strong commodity prices have understandably pushed up demand and although this tailwind may diminish over the next 12-months, operationally the business is improving across the board which should encourage investors.

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15/03/2022 09:06

Orica Ltd (ORI) $14.79

ORI rallied +5.9% yesterday as the explosive focused mining business slowly recovers from last year’s 30% drop in EBITDA and $174mn net loss. Mining and infrastructure looks set to grow aided by today’s current environment of rising commodity prices, a backdrop which leaves MM bullish targeting 15-20% upside.

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12/11/2021 09:12

Orica (ORI) $14.79

ORI slipped 3.65% yesterday following its annual result which showed earnings falling to $427m, the explosives focused company laid the blame at the door of adverse FX moves, coal disruptions combined with increased freight costs – I imagine a few local stocks will have encountered the same headwinds. Compounding the average result was the...

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01/10/2021 09:17

Orica (ORI) $13.79

ORI was the markets best performer yesterday rallying 14.5% following a trading update on Wednesday which saw Morgan’s call the end to its painful downgrade cycle although we all know picking lows can be a dangerous game. However selling would appear to have dried up and the Christmas rally is often characterised by heavily sold off stocks...

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16/07/2021 09:26

Orica (ORI) $13.37

Chemical and explosive business ORI has not recovered from its COVID sell-off although we should note the stock started turning lower back in 2019. Mays half-year results had no major hidden surprises although it did disappoint delivering a 9% drop in revenue and a 25% decline in earnings, this could become a classic case of the worst is behind us.

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29/06/2021 09:34

Orica (ORI) $13.46

Chemical and explosives business ORI has endured a really tough year falling -16.7% in a rising market and the decline since late 2019 has actually been far worse.

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28/05/2021 09:30

Orica (ORI) $13.49

Chemical and explosive business ORI has endured a shocking 18-months but this month’s half-year results suggest things are slowly improving post COVID. We like his is an aggressive recovery play targeting $18 while stops can be run under $12.50 providing excellent risk / reward.

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21/01/2021 18:10

Orica (ORI) $15.49

ORI could be on the menu for Wesfarmers (WES) fitting nicely with its chemical business. Importantly ORI is now attractive at current levels after being smashed in 2020, this leading provider of explosives for the mining industry which is enjoying a huge uplift as reflation takes hold. As commodity prices rise miners worldwide will consider resources previously not viable and these are likely to require more explosives and chemicals for extraction. Victorian based ORI delivered a weak first half result but we feel moving forward the business is well positioned to turn the ship around helped by an easing of COVID restrictions. Investors are clearly looking for post pandemic bargains and these have become thin on the ground, I can see ORI enjoying some attention sooner rather than later.

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