Our short term SP direction is more dependent on a favorable conclusion to the NSW electricity assets sale IMO.
Our competing bidder for the assets AGK has just hit a 12 month high.
My view is that the strategic energy assets in Australia will increasingly be dominated by a few key players over the next 10 years, hense ORG will remain at a rather large 15% weighting in my portfolio. My anchor in a economic environment still accident and shock prone.
An increasing share of electricity retail and generation should be ORG's bread and butter growth providers over the next 2 years. King is still guiding a 15% underlying growth in EPS for FY11.
I am happy for King to build as much optionality onto this core business as possible. APLNG, other E & P, Geothermal, PNG Hydro, Solar etc.
gazcan, page-9
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Last
$10.49 |
Change
0.090(0.87%) |
Mkt cap ! $18.07B | |||
| Open | High | Low | Value | Volume |
| $10.43 | $10.51 | $10.38 | $19.27M | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8990 | $10.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.50 | 5000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ORG (ASX) Chart |