Sometimes the best offence is having a good Defence.A big differentials between share price and intrinsic value will invariably invite someone too swoop. I do see the big investors culpable for being excessively risk averse from recognising the value of ORG until the bid and the Grant Samuel Report.
The unambitious renewables plan also suggest a not so easy access to cheap capital as is desired. Combined that with commitments that come with being a public company and pay a good dividend it isn’t that straight forward to fund an ambitious plan. As the CEO said in the Meeting Q&A, government policy will only increase competition in the renewables space. Prospect of going private took away some of the burdens. That is past now. There are some choices to be made and quickly in the next 2-4 months. Business as usual can’t be one of them.
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Sometimes the best offence is having a good Defence.A big...
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Last
$9.95 |
Change
-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 | $9.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.96 | 14187 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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ORG (ASX) Chart |