Octopus undervalued at present imo, without considering its growth opportunities.
LNG export price seems reasonable.
East coast electricity prices (NEM) seem very high recently particularly in the wintery states (ie not Queensland) and coal and gas is delivering a goodly percentage of that - so I expect ORG will see good returns from its generating assets this winter.
And the federal government's erratic and occasionally logic-free and business-case absent approach to renewables ( eg hundreds of "floating" offshore windmills - presumably tethered to seafloor - in deepwater somewhat distant from the coast offshore of Illawarra) is likely to mean that ORG's traditional and new generating assets will be needed and profitable for years.
So, $12.10 does not seem to be a challenge.
Now a question for readers: Does anyone think this sp will be reached prior to announcement of annual results on 15 August?
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$9.95 |
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-0.130(1.29%) |
Mkt cap ! $17.14B |
Open | High | Low | Value | Volume |
$9.98 | $10.01 | $9.91 | $22.74M | 2.284M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2121 | $9.95 |
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Price($) | Vol. | No. |
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$9.96 | 14187 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 500 | 9.930 |
1 | 35 | 9.920 |
2 | 11124 | 9.910 |
10 | 25252 | 9.900 |
6 | 53398 | 9.890 |
Price($) | Vol. | No. |
---|---|---|
9.960 | 14187 | 1 |
9.970 | 16378 | 3 |
9.980 | 14187 | 1 |
9.990 | 14187 | 1 |
10.020 | 600 | 1 |
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