I too believe provided Orica maintains a flat level of profit but they start to hugely increase their available cash at hand for Capital Management (ie higher dividends or share buy backs)
Then Orica will start to be seen more like a dividend play like the banks or telstra in which case it should rocket up into the 20's pretty easily.
All this can be done by Orica winding down its capital intensive expenditures which I believe they've been doing for a while now and it should in theory show very clearly this year.
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Last
$19.22 |
Change
0.160(0.84%) |
Mkt cap ! $9.276B | |||
| Open | High | Low | Value | Volume |
| $19.07 | $19.29 | $19.03 | $17.22M | 897.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3476 | $19.22 |
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| Price($) | Vol. | No. |
|---|---|---|
| $19.30 | 600 | 1 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| ORI (ASX) Chart |