number of factors - buyback suspended in lead up to report, market twitchy about stocks prior to reporting, worries about impact to earnings of mining services with the commodity wobbles.
The cyclicity of earnings has been reduced by management in teh last 2-3 years and Orica deserves a PE close to WES, not such a large discount as it currently has.
Sell off overdone in my opinion, earning report will prove me right (or wrong) on Monday I am expecting bounce back and added to ORI positions on Friday..
Other thoughts appreciated (esp technical - is it oversold as I beleive ?)
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Last
$19.19 |
Change
-0.030(0.16%) |
Mkt cap ! $9.261B | |||
| Open | High | Low | Value | Volume |
| $19.21 | $19.33 | $19.11 | $13.18M | 686.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3344 | $19.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.21 | 3684 | 2 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| ORI (ASX) Chart |