ORI - Orica Limited

[3 veiws of a secret]

Does ORI definetly go ex div on 20th Nov? ....Westpac broking website has its mechanics working double time over the weekend....unable to access info.Much appreciated on some kind soul to assist!

 

[scsl]

Re: ORI

Yes, that's correct. Just in case you're still unable to gain access, I copied the following straight from Commsec:

Dividend Type Cents Per Share Franked % Ex-Dividend Date Pay Date
Final 48.00 44 20 Nov, 06 15 Dec, 06

 

[3 veiws of a secret]

Re: ORI

Yes, that's correct. Just in case you're still unable to gain access, I copied the following straight from Commsec:

Dividend Type Cents Per Share Franked % Ex-Dividend Date Pay Date
Final 48.00 44 20 Nov, 06 15 Dec, 06

Many thanks ,I guess its time to sell ORI and pick up ORIPB!

 

[bigdog]

Volume was up today with some big trades and maybe ORI looks like moving onwards!

Share price close Jan 8 was $22.67 and now 24.43 today (in two weeks)

Look at the volume for past four days with over one million shares per day and the SP is rising

ORI $24.43 +$0.10 +0.41% 2,084,386 shares $50,681,359 19-Jan 16:13:19

Date --------Open --High ----Low ----Close --Volume Cumulative
18-Jan-2007 23.9000 24.3300 23.8100 24.3300 1,181,497
17-Jan-2007 23.4000 23.9100 23.3400 23.7500 1,135,192
16-Jan-2007 23.4200 23.7300 23.3500 23.4300 1,403,650
15-Jan-2007 23.5000 23.7900 23.4500 23.7300 717,536
12-Jan-2007 23.3700 23.3700 23.1500 23.3200 870,953
11-Jan-2007 23.3400 23.5600 23.1300 23.4000 736,660
10-Jan-2007 23.1100 23.3400 22.7900 22.9700 643,439
09-Jan-2007 23.2400 23.5500 23.0200 23.3800 621,682
08-Jan-2007 22.9500 23.3200 22.6700 22.6700 538,421
05-Jan-2007 23.5500 23.6000 23.2600 23.3300 630,726
04-Jan-2007 23.7000 23.7900 23.4100 23.5000 738,033
03-Jan-2007 24.3900 24.3900 23.7600 23.7900 458,840
02-Jan-2007 24.3000 24.3500 24.1000 24.1600 221,479
29-Dec-2006 24.2500 24.4000 24.0900 24.3000 224,349
28-Dec-2006 24.7000 24.7000 24.2700 24.3900 221,083

 

[Halba]

ori's a bit of a dog

its business is slowly growing and has a lot of legacy enviro issues

 

[Sean K]

Looks like a dog to me

 

[bigdog]

Interesting ORI ASX ann today rejecting $32 per share offer. I am feeling great today.

The Chairman of Orica, Mr Don Mercer, commented, “The Board of Orica has carefully considered the Consortium’s proposal and believes that it significantly undervalues Orica and its growth prospects.”

SP has been steadily increasing recently:
Date ------Close Volume
17-Apr-07 27.89 2,625,336
16-Apr-07 27.40 1,217,590
13-Apr-07 26.99 747,552
12-Apr-07 26.75 1,040,004
11-Apr-07 27.04 1,662,141
10-Apr-07 26.99 1,165,856
05-Apr-07 26.49 810,902
04-Apr-07 26.55 2,091,815
03-Apr-07 26.46 2,808,230
02-Apr-07 25.46 1,203,209
30-Mar-07 25.35 2,024,104
29-Mar-07 25.35 831,280
28-Mar-07 25.42 1,756,957
27-Mar-07 25.11 1,582,018
26-Mar-07 25.34 1,012,485
23-Mar-07 25.46 751,909


18-04-2007 08:30 AM ORI Rejects Proposal

http://www.asx.com.au/asxpdf/20070418/pdf/311zmvfkn50qhh.pdf

ASX Announcement
ORICA REJECTS PROPOSAL
Orica Limited (“Orica”) announced today that it has rejected a non-binding and indicative proposal from a consortium (comprising Bain Capital Partners, Blackstone Capital Partners, Pacific Equity Partners and Morgan Stanley Principal Investments (“Consortium”)) offering to acquire Orica for a cash consideration of A$32.00 per share by way of a scheme of arrangement. The proposal was subject to due diligence and a number of other conditions.

The Chairman of Orica, Mr Don Mercer, commented, “The Board of Orica has carefully considered the Consortium’s proposal and believes that it significantly undervalues Orica and its growth prospects.”

“As disclosed in its 2006 Annual Report, Orica’s total shareholder returns over the five previous years have been more than 500%, substantially out-performing the S&P / ASX 200 accumulation index. Orica has been through a substantial portfolio transition over that time, including the recent Dyno Nobel and Minova acquisitions, and the divestment of various non-core businesses such as interests in Incitec Pivot, Qenos and Adhesives & Resins.”

“Integration of recent acquisitions is progressing well, with synergies flowing through in line with or ahead of plan. Looking forward, Orica continues to see opportunities to grow the business and improve productivity, and will continue an active focus on portfolio and balance sheet management.”

Orica remains confident in guidance previously provided to the market in relation to its 2007 financial results.

Orica has been advised by UBS and Mallesons Stephen Jaques.
18 April 2007
Investor Queries:
Noel Meehan, Executive Director Finance: (03) 9665 7180
• Web site: www.orica.com

 

[3 veiws of a secret]

I think the poor soul that bought in today @ $ 34.86 ! might not be as elated as some of us. Interesting days'a'comin'.

 

[bigdog]

ASX ann today

ORI 8:38 AM Orica Delivers Significant Earnings Growth
http://www.asx.com.au/asxpdf/20070430/pdf/3125hv54qgxbn4.pdf

Orica Delivers Significant Earnings Growth
Orica today announced a Net Profit After Tax and Significant Items for the half year ended 31 March 2007 of $210 million, up 71% over the previous half year. Excluding individually Significant Items, Net Profit after Tax was $203 million, up 39% on 2006. Sales revenue increased 4% to $2.7 billion. Cash flow from net operating activities improved by $273 million to $256 million.

The board of directors has declared a 36 cents per share interim dividend, up 10 cents (38%) on the 2006 interim dividend. The interim dividend will be franked at 14 cents per share (39% franking).

Half Yearly Report/Half Year Accounts
http://www.asx.com.au/asxpdf/20070430/pdf/3125hj4c8lpmtc.pdf

 

[bigdog]

The market did not like todays ANN with SP down 29 cents and SP now below $32 offer

ORI $31.82 -$0.29 -0.90% high today $32.42 and low of $31.79 524,356 shares $16,789,261 30-Apr 10:47:05

 

[bigdog]

Orica looks to make $1.3bn strategic acquisition
Madelene Pearson
May 18, 2007

http://www.theage.com.au/news/busin...gic-acquisition/2007/05/17/1178995324333.html

ORICA, the world's largest industrial explosives maker, may bid for Dywidag-Systems International GmbH to add mine beams and bolts used by its global mining customers.

Dywidag, the biggest maker of supports used in underground coalmines in Australia, would be sold by auction, Melbourne- based Orica said yesterday. Orica will team with Macquarie Bank to bid €800 million ($A1.3 billion) for the company.[/U]

Buying Munich-based Dywidag would add to $1.3 billion of mining-services acquisitions in the past two years as Orica seeks to take advantage of soaring demand for raw materials led by China.

A purchase may also shore up Orica's takeover defence after it last month rejected a $9.95 billion bid by buy-out firms led by Bain Capital Partners.

"It certainly makes strategic sense and indicates that Orica's really betting on the long-term resources boom," said Greg Canavan, Sydney-based analyst at Fat Prophets Management, which recommends holding the stock.

"It's a good response from management to say we've got our own growth prospects and we don't need private equity to enhance shareholder value."

Orica shares fell 46 ¢, or 1.4 per cent, to $31.59 yesterday. The buy-out firms had offered to buy Orica for $32 a share.

Orica teamed with Macquarie in 2005 to buy the then Oslo- based Dyno Nobel, before splitting the assets between them.

Orica paid $US685 million for the Dyno assets outside of Australia and the US as part of the deal. Macquarie put the remaining assets into Dyno Nobel and sold 57 per cent of the shares in a public offering on the Australian Stock Exchange in April last year.

Stephen Yan, a Sydney-based spokesman for Macquarie, declined to comment.

Macquarie Bank stock rose $4.30, or 4.7 per cent, to $96.50.

Dywidag, owned by Stockholm-based buy-out firm Industri Kapital, has more than 1300 employees globally with operations in Europe, Africa, the Asia-Pacific region and the Americas, according to its website.

Industri Kapital bought Dywidag from Walter Bau Group in 2005, according to its website.

Orica also spent $857 million buying mining services company Minova last year to tap growth in China, the world's biggest user and producer of coal.

"Orica continues to evaluate potential acquisition opportunities that enhance shareholder value," it said in the statement.

The company said on April 18 it rejected a $32-a-share offer by US buy-out firms, including Bain Capital, Blackstone Group LP, Morgan Stanley's buy-out unit and Pacific Equity Partners. The bid undervalued the company, it said.

Australia is the biggest exporter of coal used by steel makers.

 

[bigdog]

The Share price did well today on no news announcements up $1.66 or 5.53%

ORI $31.70 +$1.66 +5.53% with high of $31.99 and low of $30.00 3,551,939 shares $110,602,445 @ 17-Jul 17:08:34

There was two very large after hour trades also
17:08:16 $31.7000 371,551 $11,778,166.70 SPXT
17:07:37 $31.7000 23,164 $734,298.80 SXXT
17:04:45 $31.0683 71,557 $2,223,154.34 SXXT

Volume was high today and highest since June 2 with 6,300,442 shares

Date High Close Volume
17-Jul-07 31.99 31.70 3,551,939
16-Jul-07 30.39 30.04 669,623
13-Jul-07 30.36 30.05 1,665,168
12-Jul-07 30.18 30.11 2,883,776
11-Jul-07 29.83 29.70 1,215,964
10-Jul-07 30.00 29.89 1,001,693
09-Jul-07 29.85 29.80 1,391,324
06-Jul-07 29.54 29.35 981,822
05-Jul-07 29.55 29.45 1,920,837
04-Jul-07 29.80 29.57 756,374
03-Jul-07 29.99 29.79 834,254
02-Jul-07 29.95 29.70 1,094,007

 

[3 veiws of a secret]

The Share price did well today on no news announcements up $1.66 or 5.53%

ORI $31.70 +$1.66 +5.53% with high of $31.99 and low of $30.00 3,551,939 shares $110,602,445 @ 17-Jul 17:08:34

There was two very large after hour trades also
17:08:16 $31.7000 371,551 $11,778,166.70 SPXT
17:07:37 $31.7000 23,164 $734,298.80 SXXT
17:04:45 $31.0683 71,557 $2,223,154.34 SXXT

Volume was high today and highest since June 2 with 6,300,442 shares

Date High Close Volume
17-Jul-07 31.99 31.70 3,551,939
16-Jul-07 30.39 30.04 669,623
13-Jul-07 30.36 30.05 1,665,168
12-Jul-07 30.18 30.11 2,883,776
11-Jul-07 29.83 29.70 1,215,964
10-Jul-07 30.00 29.89 1,001,693
09-Jul-07 29.85 29.80 1,391,324
06-Jul-07 29.54 29.35 981,822
05-Jul-07 29.55 29.45 1,920,837
04-Jul-07 29.80 29.57 756,374
03-Jul-07 29.99 29.79 834,254
02-Jul-07 29.95 29.70 1,094,007

On your theme of how or why this stock is rising , I have not followed through with the reading of todays announcements -but it appears a daily buyback is in place (???).
Furthermore with talk of possible takeover by equity partners ,it does make the share price cheap in recent days -even though it went ex div .
Also it would be interesting to view the chart if the ORI money(ie ex div'ies) did not go back into ORIPB ,but stayed put with ORI?

 

[3 veiws of a secret]

Forget about my previous post .....rumour has it there is another possible offer of $37 ! Looks like gossip is bringing in the bacon

 

[vishalt]

Orica is DyNoMiTE lolol, i should have bought it @ $28-$30, its earnings are great and it was just consolidating, now it takes off woo !

 

[bigdog]

Todays Australian

http://www.theaustralian.news.com.au/story/0,25197,22092732-643,00.html

Orica rises on takeover rumours
Lisa Macnamara | July 18, 2007

TAKEOVER speculation drove most of the action on the Australian share market yesterday in a session that closed with little forward direction.

Rumours that the world's largest explosives maker, Orica, would receive a takeover offer from private equity managers drove its price up by more than 5.5 per cent, or $1.66, to $31.70.

The rumours were that private equity parties were in line to offer a $37-a-share bid, after the company rejected a $9.95 billion offer earlier this year.

"There are still people who are sceptical as to whether we are going to see another bid for Orica at this point because the company rejected it so resolutely last time and the players walked away so quickly that a lot of people think it was done and dusted," ABN AMRO trader David Iron said.

Traders also pointed to the past two days of selling in rural services group Futuris Corporation after its shares plummeted 6.84 per cent to $2.45 amid rumours that it could make a play for takeover target Auspine.

This came as the company tried to drive up a $6.15-a-share bid from timber giant Gunns.

"The seller believes that Futuris might be interested in getting involved in the Auspine-Gunns takeover bid and therefore they wanted to get out of Futuris at this stage," Aequs Securities senior institutional dealer Ric Klusman said. "Maybe (that is) because (the seller) thinks Futuris might over-trump the Gunns bid so they believe if Futuris did bid for Auspine they'd be paying too much." The movement did little to set the direction for yesterday's session as the bluechip S&P/ASX 200 closed 0.8 points up at 6318.2 while the All Ordinaries slipped 0.2 points to 6418.2.

Just as mixed were the resource stocks, with Rio Tinto clawing back some ground lost in Monday's session on the back of its $44 billion bid for Canadian aluminium producer Alcan.

It closed up 40c at $97.50 while rival BHP shed just 1c at $38.19 following rumours that it would make a $55 billion play for Alcoa.

While shares in uranium miner Paladin surged more than 6 per cent to $8.88 after it dampened speculation of a takeover by Cameco Corp, some profit-taking drove other resource securities backwards, including Oxiana and Alcoa's joint partner Alumina.

The anti-miner sentiment helped to strengthen the banks as the Commonwealth inched up 60c to $55.95 and National Australia Bank added 25c to $40.08.

Stabilised global bond rates and positive economic outlooks also buoyed the financials, traders said.

The lacklustre session took much of its lead from a mixed day on Wall Street.

The Dow Jones Industrial Average Index soared to a record high on Monday night, up 43.73 points to 13,951 as industrial stocks were boosted by better-than-expected manufacturing data, while the S&P 500 fell 2.98 points to close at 1550.

Asian markets were also mixed with the Nikkei closing lower while the Hang Seng and China's two main indices closed higher.

 

[chops_a_must]

Traded this a bit previously. Nothing much doing. However, there looks to have been some kind of atypical volatility breakout recently or something. Looks to be just holding above significant support and resistance. If it can close there, it may be worth a punt.

 

[grace]

See the glitch in the ASX today was caused by someone accidentally selling 1million Orica shares at down to 8.6c. Wow, I would have liked to have bought them for that. How do they get to reverse such a mistake as they did? Once mine are gone, they're gone.....

 

[bigdog]

Seems someone wanted to sell 1m FDL at 8.6c and sold 1m Orica instead. They sold it down from 3173c to 8.6c. For a moment there they had made a $22.7m loss.

They have cancelled all the trades now but the records show the ASX 200 dipped 55 points this morning in a blink and there are probably a few Orica shareholders and one unfortunate trader (who didn't spot his clients on-line order entry was $31.73m over his trading limit) lying in the Royal Melbourne cardiac ward as we speak.

 

[Awesomandy]

See the glitch in the ASX today was caused by someone accidentally selling 1million Orica shares at down to 8.6c. Wow, I would have liked to have bought them for that.

Honestly though, when you see a share going from $31 down to 8.6c in a matter of seconds, who would take that plunge to buy?