As a former Orica Employee, I can vouch for the fact that Broomhead has cut spending and staff to the bone. No capital or discretionary spending for 3 years. Some of this is unsustaniable in the long term. IT systems will need to be upgraded, technology advances implemented to gain produtivity increases etc...
I do not see a large turnaround in sales or margins in the next two years. So when plant and equipment needs to be replaced/repaired in approx 2 years, the costs will start to rise again. Static sales and rising costs mean reduced profits.
I still own about 1/2 my Orica Shares. Sold some at $9. I have revised my sale target from $10 to $11, but intend to hold for no more than two years due to the profit squeeze that I think will come.
Al Baby
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Last
$18.38 |
Change
-0.090(0.49%) |
Mkt cap ! $8.934B |
Open | High | Low | Value | Volume |
$18.60 | $18.61 | $18.29 | $22.82M | 1.241M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 47088 | $18.36 |
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Price($) | Vol. | No. |
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$18.39 | 2606 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1886 | 18.350 |
1 | 2606 | 18.300 |
3 | 3836 | 18.290 |
2 | 8090 | 18.280 |
1 | 1247 | 18.270 |
Price($) | Vol. | No. |
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18.390 | 2606 | 1 |
18.400 | 2606 | 1 |
18.410 | 3091 | 2 |
18.420 | 489 | 1 |
18.430 | 5484 | 1 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$18.36 |
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Change
-0.090 ( 0.33 %) |
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Open | High | Low | Volume | ||
$18.54 | $18.61 | $18.30 | 114375 | ||
Last updated 15.59pm 05/06/2024 ? |
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