ORI's AGM comments were cautiously optimistic, however shortly after IPL came out with a profit warning and ORI came off almost as hard as IPL...IPL has since recovered substantially while ORI is lagging...i feel that this is great value at current levels, with various analysts (if you want to believe them!) although downgrading the stock, still maintaining substantially higher SP targets. Shorters are having a field day considering characteristic low volume depths. the stock is down 65% in 6 months and well off the $34+ record high of a year ago. A return to positive sentiment in the sector will see ORI shine...buy here with a stop below today's low...lets hope the top brass haven't been stretching the truth!
expects profit, mine decline a threat, page-4
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Last
$17.82 |
Change
-0.080(0.45%) |
Mkt cap ! $8.678B | |||
| Open | High | Low | Value | Volume |
| $17.80 | $17.92 | $17.69 | $16.52M | 927.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4128 | $17.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.82 | 18813 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ORI (ASX) Chart |