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
$18.35 |
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Mkt cap ! $8.924B |
Open | High | Low | Value | Volume |
$18.60 | $18.61 | $18.29 | $4.749M | 257.8K |
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19 | 1166 | $18.34 |
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Price($) | Vol. | No. |
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$18.35 | 881 | 15 |
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No. | Vol. | Price($) |
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10 | 1266 | 18.330 |
7 | 773 | 18.320 |
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9 | 1752 | 18.300 |
Price($) | Vol. | No. |
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18.350 | 976 | 9 |
18.360 | 2822 | 16 |
18.370 | 1149 | 8 |
18.380 | 1791 | 10 |
18.390 | 1735 | 9 |
Last trade - 13.52pm 05/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 14.07pm 05/06/2024 ? |
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