02/10/2024 09:26

Orica Ltd (ORI) $18.02

Leading mining and infrastructure solutions provider ORI has been on the MM Hitlist since early June. However, the stock has trod water for the last six months, leaving us wondering if there's still good reason to consider the chemical and explosive business - i.e., is there a catalyst that can wake the stock from its recent slumber?

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05/07/2024 09:20

Orica Ltd (ORI) $17.90

The chemical and explosive business has been a quiet achiever over the last nine months, aided by a solid report in late May. This report showed ~10% in earnings, driving the stock to fresh four-year highs. The stock's 2.5% unfranked yield isn’t overly exciting, but it is trading 5% below its historical 5-year average P/E, which we believe is cheap considering its recent results.

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30/05/2024 09:16

Orica Ltd (ORI) $18.22

Yesterday saw chemical and explosive business ORI slip 1.7%, with a little profit taking probably creeping into the stock. Earlier this month, ORI delivered a solid earnings report, which drove the stock to fresh four-year highs—EBIT came in at $353.7mn, up 10%, while underlying EPS of 38.8c which was up 2.8c on the prior corresponding period (pcp). Buying strong stocks/companies into overall market weakness is one of our preferred investment paths.

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26/03/2024 09:14

Orica Ltd (ORI) $17.71

Chemical and explosives business ORI closed up +1.1% on Monday, taking its year-to-date gain to 11.1%. We like this business, but it's not exciting in the current “risk-on” environment and is unlikely to be on our Hitlist this FY.

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01/03/2024 09:33

Orica Ltd (ORI) $17.11

Unlike other stocks in today's report, chemical and explosives business ORI has ground out, as opposed to exploded, to new 52-week highs. The company recently raised $400mn at $15.84

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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.

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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.

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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.

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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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