Following yesterdays downgrade to FY24 guidance, we are cutting our losses on Orora (ORA) across the Active Growth and Income Portfolio’s. We hold a 5% and 4% weighting respectively. We believe concern over their balance sheet will cap any near term recovery.
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 3rd July – ASX -42pts, PME, NWH, GLF
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Thursday 3rd July – Dow -10pts, SPI off -11pts
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MM are selling ORA in the Active Growth & Income Portfolios, taking a loss around $2.30
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