My gut says the institutions know Origin will announce
a) a significant reduction in debt, significant improvements in the cost of production for LNG which = increased profits.
b) Forecasts will remain high for Petrol prices = increased profits
c) A return to dividends next financial year
d) An improved balance sheet which will allow further expansion and capital expenditure
The Government will announce some sort of Victory for the electricity market before calling the next eleection
This will mean Origin share price will increase within the next 6-12 months
Therefore the professionals are driving down the share price to stock up for the next leg up.
I plan on buying more during this pull back
My gut says the institutions know Origin will announce a) a...
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Last
$9.64 |
Change
0.020(0.21%) |
Mkt cap ! $16.60B | |||
| Open | High | Low | Value | Volume |
| $9.62 | $9.66 | $9.58 | $19.13M | 1.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12887 | $9.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.65 | 15283 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$9.64 |
Change
0.020 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $9.60 | $9.66 | $9.59 | 630721 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ORG (ASX) Chart |