Trend Orica’s Friend as Shares Bounce Despite Loss
Despite reporting a net loss for the half, Orica’s 2021-22 interim was immediately cheered with the share price up 8% as investors chose to look longer-term and liked what they saw.
Read More
Orica is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas and construction markets, a leading supplier of sodium cyanide for gold extraction, and a specialist provider of ground support services in mining and tunnelling.
Orica’s purpose is to make our customers successful, every day, all around the world. We take pride in operating safely, responsibly and sustainably. Together, these enable us to grow and create enduring value for our shareholders.
Founded in 1874, Orica has more than 140 years of experience and investment in innovation. Orica are the global leader in mining and civil services, with a diverse workforce of around 11,500 employees, servicing customers across more than 100 countries. Orica is listed on the Australian Securities Exchange (ASX: ORI).
Orica’s strategy is to be the trusted partner of choice for our customers, by creating, developing and delivering mining and civil blasting and ground control solutions that help them be more productive and manage their critical risks.
Orica do this by bringing together: the best people; high quality products and services; safe, secure and reliable supply; and unmatched technology that creates value for our customers, today and tomorrow.
Orica’s commitment to the safety, health and wellbeing of our people and customers, the environment, and the communities in which we operate underpins everything we do.
Despite reporting a net loss for the half, Orica’s 2021-22 interim was immediately cheered with the share price up 8% as investors chose to look longer-term and liked what they saw.
Read More
Explosives and chemicals group Orica is sticking with the upbeat (though non-specific) outlook for its 2021-22 financial year ahead of the ending of its first half on March 31.
Read More
The market breathed a sigh of relief yesterday on news that Orica had finally offloaded Minova, which had haunted the company’s balance sheet for a decade and a half.
Read More
Writedowns and difficult market conditions saw Orica turn in a loss for the year but directors see the solid rebound in the second half continuing into the current 2021-22 period.
Read More
Orica, the country’s biggest explosives maker, has backed up a downgrade issued in late February by cutting its interim dividend by more than half after earnings fell 54%.
Read More
The broker's target price rises to $16.20 from $14.89. The Hold rating is unchanged.
Read More
Credit Suisse is constructive regarding Orica yet downgrades to Neutral from Outperform ahead of the FY21 result. The broker upgrades the target to $17.23 from $16.11.
Read More
The broker retains its Outperform rating and lifts its target price to $16.11 from $15.66.
Read More
The business is considered well-positioned over the medium term and a Hold rating is maintained. Target is reduced to $13.65 from $14.56.
Read More
The broker believes the market is underestimating the likely strength of a recovery in profit from the second half. Outperform maintained. Target is reduced to $15.66 from $16.47.
Read More