macro for explosives not ideal, page-24

  1. 577 Posts.
    In 4 weeks time we will know the half yearly indication and progress on the sales of the chemical business.

    This should:
    -cancel drp
    -share buyback of 10%

    If they can maintain the same profit as last year then share price should see $22-24.

    It's now a 50% difference when compare to ipl at the start of the year. I think some negativity is already priced into the sp. Orica has a lot of catching up to do among their peers.
 
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