As long as my backside points to the ground I will never be able to fathom the workings of the share market.
I gather that the 750mill for the sale of the chemicals division (an underperformer) will be used to retire about 33%? of the companies debt and leave it in quite a strong leveraged position. Yet at the time of posting the share price is -40c on the close of yesterdays price. Sure there are problems with commodity prices being relatively low but will that continue? I guess that is the big question.
UBS rates ORI as Downgrade to Sell from Neutral, page-26
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Last
$17.30 |
Change
-0.570(3.19%) |
Mkt cap ! $8.425B | |||
| Open | High | Low | Value | Volume |
| $17.44 | $17.49 | $17.20 | $15.62M | 901.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38901 | $17.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.32 | 2760 | 2 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| ORI (ASX) Chart |