Shorts have gone up to 12.43%, 6th highest in the asx and yet share price have been going up and buy back has temporary stopped.
Downside is in Aust, but with upside in American, fx and cost initiatives it'll offset much of the negatives.
Once they move out of their capex intensive model and into a service one, they'll free up a lot of their cashflows to buy back even more shares.
You mentioned that it's expensive, in PE terms IPL is over 50% more expensive yet they have doubled in the last 12 months while orica has gone down, I think right now orica is gaining some ground. $22 is still my target with upside of being a takeover potential. Burn the shorters imo
Shorts have gone up to 12.43%, 6th highest in the asx and yet...
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Last
$18.10 |
Change
0.520(2.96%) |
Mkt cap ! $8.698B | |||
| Open | High | Low | Value | Volume |
| $18.13 | $18.49 | $18.02 | $41.33M | 2.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19753 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.15 | 28199 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ORI (ASX) Chart |
