Result flat despite mining downturn shows they are resilient. No transformation cost for next year means will add 20-30% to the bottom line next year.
Also material prices has bottomed, opportunities for resource recoveries. We buy orica because it's stable.
Shorts are thru the roof plus share buyback, I think news was ok.
Ann: Orica reports $211M profit for half year ended 31 March 2015, page-4
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$18.10 |
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Mkt cap ! $8.698B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 4 | 19753 | $18.10 |
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| Price($) | Vol. | No. |
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| $18.15 | 28199 | 4 |
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