From what I have seen of rights issues the shares have usually gone down after the issue. You got to ask yourself is there any upside to owning origin at the moment.
1) does oil /gas look like it's rising or dropping?
2) is ORG going to be in the clear after the new money infusion?
3) Divs are cut maybe and how long for, is the return acceptable.
4) is the share price likely to rise / drop due to external factors eg interst rates, oil demand, stockmarket volitilty.
5) are there better places to park money.
6) is the management performing/ good track record.
These are some points that need to be satisfied before any investment. If Org ticks all these boxes great.
DYOR
CONFUSED
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Last
$10.95 |
Change
0.120(1.11%) |
Mkt cap ! $18.70B |
Open | High | Low | Value | Volume |
$10.74 | $10.95 | $10.71 | $37.21M | 3.413M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 32700 | $10.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.96 | 53306 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 32700 | 10.900 |
4 | 22225 | 10.890 |
6 | 50699 | 10.880 |
3 | 52117 | 10.870 |
2 | 14103 | 10.860 |
Price($) | Vol. | No. |
---|---|---|
10.960 | 53306 | 5 |
10.970 | 61627 | 9 |
10.980 | 35270 | 5 |
10.990 | 74291 | 3 |
11.000 | 55218 | 31 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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ORG (ASX) Chart |