“Gaining Traction”: Upbeat Orica Back In The Black
A “positive” outlook for ”2020 and beyond” from explosives and mining services Group Orica after it revealed a 15% rise in full-year profit for the 12 months to September 30.
Read More
News
Mining Services Companies Follow The Major Miners
A collection of mining services companies beginning to experience some attractive breakouts that point to these flow-on affects from mining activity translating to a sustained increase in earnings.
Read More
Solid Mining Demand Spurs An Upbeat Orica
A good interim result from explosives maker Orica saw the shares jump yesterday to a new 12 month high as it took the opportunity to boost interim dividend 10%.
Read More
Orica Confirms Burrup Hiccup With $191m Write-down
Confession time for Orica ahead of the release of its interim results on May 9 with news of a big write-down in the value of its interest in a big chemical plant in WA.
Read More
News Shorts: Mixed Reception For CSR, Orica Results
A mixed reaction from investors to earnings reports from building products group, CSR and from explosives maker, Orica which didn’t set the market afire on Friday.
Read More
Analyst Views
ORI – Macquarie rates the stock as Neutral
FY19 net profit was ahead of expectations. Macquarie liked the positive growth outlook, particularly in the context of a challenging earnings backdrop in the broader market.
Read More
ORI – UBS rates the stock as Neutral
The broker's satellite monitoring of the Burrup plant rebuild indicates works have commenced and appear to be tracking to schedule. Monitoring will continue.
Read More
ORI – Credit Suisse rates the stock as Neutral
Credit Suisse found the increasing evidence of the uptake of technology and improved manufacturing reliability were favourable highlights of the company's strategy update.
Read More
ORI – Citi rates the stock as Upgrade to Neutral from Sell
First-half results have cleared any doubts about the company's operating leverage, Citi acknowledges. Strong growth was driven by higher volumes, improved product mix, and better manufacturing. Market conditions are improving and price/cost headwinds fading.
Read More
ORI – Deutsche Bank rates the stock as Hold
The company has made a -$155m write-down to Burrup. Deutsche Bank considers the non-cash adjustments of -$191m to be a minor negative as these highlight the ongoing earnings risk associated with the commissioning of the plant.
Read More