Morgan Stanley analysts Nicholas Robison and Vivienne Lee said
Orica's decision to step away from its FY16 guidance and "dramatically cut its dividend is emblematic of a company facing growing structural headwinds".
The pair expect to "continue to see material downside for the stock and expect FY16 consensus estimates will need to fall by around 10 per cent with even larger cuts" made to fiscal 2017 estimates.
http://www.theaustralian.com.au/new...m/news-story/639888a6102e760ad19f266c0bac0c56
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$19.06 |
Change
-0.070(0.37%) |
Mkt cap ! $9.198B | |||
| Open | High | Low | Value | Volume |
| $19.26 | $19.32 | $19.01 | $18.33M | 960.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3742 | $19.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.10 | 4901 | 5 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| ORI (ASX) Chart |