Really solid result, and ahead of my expectations:
Underlying Profit up $703 million to $747 million;
Fully franked interim FY2024 dividend of 27.5 cps - I had guessed/hoped for 25cps;
Energy Markets EBITDA is expected to be $1,600 – $1,800 million, excluding Octopus Energy; Wow!;
Octopus now number 1 supplier in UK market, and, lowest cost of provision. I expect there will be a few "good" surprises for Octopus in '24. As at December, for example, Octopus had a wait list of 50000 customers for heat pumps. A really good article and video helps explain the Octopus business better
https://www.canarymedia.com/articles/climatetech-finance/uks-octopus-energy-raises-800m-to-expand-global-clean-energy-push.
In my view, the market has yet to factor in the potential of this business - and what it has achieved to date.
Dividends in future to be fully franked.
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origin energy limited
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$11.67

Really solid result, and ahead of my expectations:Underlying...
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Last
$11.67 |
Change
-0.010(0.09%) |
Mkt cap ! $20.10B |
Open | High | Low | Value | Volume |
$11.73 | $11.85 | $11.58 | $38.77M | 3.322M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 598 | $11.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.68 | 1600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 598 | 11.670 |
1 | 47 | 11.660 |
2 | 1980 | 11.650 |
2 | 1978 | 11.640 |
2 | 2240 | 11.600 |
Price($) | Vol. | No. |
---|---|---|
11.680 | 1600 | 1 |
11.700 | 197 | 1 |
11.730 | 11 | 3 |
11.740 | 20 | 3 |
11.750 | 343 | 3 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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ORG (ASX) Chart |