10/11/2023 09:39

Orica Ltd (ORI) $15.48

The chemical and explosives business ORI rallied +2.8% on Thursday after it reported its annual profit had increased almost fivefold. It expects earnings to rise in the fiscal year on strong demand from miners.

Read more

11/05/2023 16:43

Orica (ORI) $16.61

ORI +0.85%: edged higher today following solid 1H23 results and decent guidance for the 2H. For the half, sales were up 22% to $4bn which was about ~20% above consensus and that dropped down to underlying net profit after tax (NPAT) of $164m, up 27% and around 6% above consensus expectations with increased interest expense having an obvious negative influence.

Read more

05/08/2022 09:39

Orica Ltd (ORI) $15.60

Chemical / explosives business Orica (ORI) was the market worst performing stock yesterday falling -9.3% after emerging from a trading halt following its successful $650mn cap raise primarily for the acquisition of Axis Mine Technology for up to $350mn, the remaining funds are earmarked for working capital.

Read more

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.

Read more

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.

Read more

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...

Read more

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...

Read more

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.

Read more

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.

Read more

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.

Read more