I have had a deep review of the ORA today. A summary here for your reference:
1. Seeling the carton business for ~$1.72 billion, after-tax, net profit for the sale is ~$1.55 billion. The management promised to pay back shareholders with a total of ~$1.2 billion through dividends and share buy-back plans.
2. Dividend has been paid, $600 million in 2020.
3. Share buyback total value ~$230 million, so far ~$110 million (nearly half) buy-back done.
4. By simple math, there is ~$370 million left (This will 100% give shareholders).
5.The largest shareholder PPT keeps selling, and not the voting power dropped from 9.55% to 8.54%. At the same time, the Greencape capital (7.21%) and Challenger (7.21%) are increasing the holding and becoming the major shareholders.
6. Base on the above, I believe $3.5 is achievable in 2021.
Good luck to all holders and potential holders.
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Last
$2.14 |
Change
-0.035(1.61%) |
Mkt cap ! $2.708B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.16 | $2.12 | $1.530M | 713.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 65919 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 53243 | 24 |
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| Last trade - 11.15am 18/09/2025 (20 minute delay) ? |
| ORA (ASX) Chart |