ORG 1.50% $10.16 origin energy limited

Really solid result, and ahead of my expectations:Underlying...

  1. 24 Posts.
    lightbulb Created with Sketch. 10
    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.
 
watchlist Created with Sketch. Add ORG (ASX) to my watchlist
(20min delay)
Last
$10.16
Change
0.150(1.50%)
Mkt cap ! $17.50B
Open High Low Value Volume
$10.05 $10.20 $10.04 $34.45M 3.403M

Buyers (Bids)

No. Vol. Price($)
2 15154 $10.16
 

Sellers (Offers)

Price($) Vol. No.
$10.17 9291 2
View Market Depth
Last trade - 16.10pm 22/05/2024 (20 minute delay) ?
Last
$10.19
  Change
0.150 ( 1.95 %)
Open High Low Volume
$10.04 $10.19 $10.03 449747
Last updated 15.59pm 22/05/2024 ?
ORG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.