'Orica (ASX:ORI) provides explosives and blasting systems to mining and infrastructure markets. It operates in eight segments: mining services, which includes Australia/Asia, North America, Latin America, EMET (Europe, Middle East and Turkey) and other; Minova; chemicals, and other. Minova manufactures and supplies specialty bolts, accessories and chemicals for stabilisation and ventilation systems in underground mining and civil tunnelling works. In chemicals, it manufactures, distributes and trades a range of industrial and specialty chemicals for use in a range of industries, which include water treatment, pulp and paper, food and beverage, construction and mining. Other includes minor activities, for example operation of the Botany Groundwater Recycling Business. Mining services involves manufacture and supply of explosives and mining services, initiating systems and blasting technology to the mining, quarrying, construction and exploration industries.'
ORI is a fairly sound company but its main products face serious headwinds esp reductions in margin. However, a weak AUD def helps. At $16 it's worth a closer look. Divs are goodish but can they be sustained? Debt at 37%. Wait on sidelines imo.
ORI Price at posting:
$17.25 Sentiment: None Disclosure: Not Held
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