ORI - Orica Limited

[ithatheekret]

Hmmm ......... $4B a year cash turnover , reshaped by Malcolm Broomhead , the man that squeezed RIO to bits for North shareholders , I wish I saw that booboo and would have been on it faster than flys to a pile of .......

 

[zolow]

This is related to Orica but also probably has some relation to the poo brigade.

I caught a quick interview with the CEO of Orica, on a show on SBS (have no idea what it was, he was talking about a looming ammonium nitrate shortage, this article in the age sums it up.

http://www.businessday.com.au/business/orica-warns-of-ammonium-nitrate-scarcity-20080722-3j3i.html

does anyone know of any companies (apart form orica and wesfarmers) on the ASX that produce this stuff?

I've been trying to find some smaller companies but I am having slim luck. The only companies I have been able to find have been ones that deal with potassium sulphate such as MAK and RWD.

 

[grace]

This is related to Orica but also probably has some relation to the poo brigade.

I caught a quick interview with the CEO of Orica, on a show on SBS (have no idea what it was, he was talking about a looming ammonium nitrate shortage, this article in the age sums it up.

http://www.businessday.com.au/business/orica-warns-of-ammonium-nitrate-scarcity-20080722-3j3i.html

does anyone know of any companies (apart form orica and wesfarmers) on the ASX that produce this stuff?

I've been trying to find some smaller companies but I am having slim luck. The only companies I have been able to find have been ones that deal with potassium sulphate such as MAK and RWD.

You might want to take a look at CNX (previously Metex) JV at Bloodwood Ck with IPL.

http://www.businessspectator.com.au...ivot-to-form-JV-with-Metex-EBV2C?OpenDocument

 

[zolow]

Thanks for that Grace,

IPL's production must be pretty big to warrant a dedicated CSG energy supply.

 

[fallenangel22]

orica xtsxos

Can anyone explain to me why when orica was dropping like a stone today even though at market it was priced 24.050 there was a trade xtsxos (does that mean overseas cross trade?) coming in for 24.95 this didn't seem to show up on market same thing happened a couple of times today price on the os trade being a fair whack higher than market. Does this mean that if I had priced my shares for sale at 24.95 and they were in the cue at the right time the trade came in would i hit pay dirt and sell for higher than market price?

 

[Family_Guy]

Just watched this tank the last couple of days, GM next friday. Expecting bad news on the future earnings since some miners are taking some time out? I tried to look for debt levels and can't find any news on that, anyone holding or in the know of what Orica is looking like on paper?

Cheers

 

[Garpal Gumnut]

Just watched this tank the last couple of days, GM next friday. Expecting bad news on the future earnings since some miners are taking some time out? I tried to look for debt levels and can't find any news on that, anyone holding or in the know of what Orica is looking like on paper?

Cheers

Technically ORI is very interesting at present.
I have been accumulating some this month.
There seems to have been a bit of a shakeout over the last few months and there is support at around the $14.20 mark with buyers coming in, in droves, at $2 below and sellers at $2 approx above this level.

Picking a bottom can be hazardous.

The chart enclosed is interesting with support buying and selling pressure throwing up long bars, with the close well away from the lows and highs respectively.

gg

 

[Garpal Gumnut]

similar action today to yesterday. a low of 12.75 and then buyers come in. No more sellers in any great numbers at these prices.

gg

 

[Garpal Gumnut]

If it closes below $12.40 I'm out of this one.

Any funnymentalist news on ORI ?

Bear markets are gruelling, down trends are so much more intense than up ones.

gg

 

[legs]

Where does anyone see this going?
I think it has lots of upside left IMHO.. ideas and thoughts people?

 

[Miner]

If it closes below $12.40 I'm out of this one.

Any funnymentalist news on ORI ?

Bear markets are gruelling, down trends are so much more intense than up ones.

gg

GG

Just looked into your posting in Jan 09 when I saw another posting happened today since then.

Historically you have had the bottom price on Orica !

Well done

 

[chops_a_must]

This has broken down through multi-year support today.

I was wondering how long this could stay up for.

 

[Gringotts Bank]

Orica popped into my dreams last night and I think it had a decent drop. Just saying. Any of you guys dream about stocks?

 

[skc]

Orica popped into my dreams last night and I think it had a decent drop. Just saying. Any of you guys dream about stocks?

Depends on whether your word "stock" means company shares or livestock like cows and sheeps...

P.S. Orica makes explosives so it makes sense for it to pop into your dreams.

 

[piggybank]

 

[Garpal Gumnut]

I must admit to trading ORI long over the last few years.

It has been pushed up recently by the instos to approach a support/resistance at just over $24.

I am bullish on mining/mining services, so feel comfortable in seeing this dawg run up over $24.

However unless it gets on with volume, and is not dependent on it's increased share price on the mentally challenged sons, daughers and cousins of portfolio managers rostered on over Xmas, it may fall away to $20 or even $18.

A weekly chart.

gg

 

[peter2]

First post on ORI for FIVE years!

@debtfree You're correct about ORI.
I've been watching it looking for a reversal trigger (long), but it hasn't happened. Price is drifting lower. There's a hugely significant support level at $17.

From what I've read management has had some problems (two poor reports) and I don't know if they're fixed yet.

 

[debtfree]

Thanks @peter2, I must admit I'm guilty for not looking back far enough to check that definite $17 support level. Had the chart set for two years and rushing through the numerous charts looking for an opportunity for a short trade in an overall market uptrend.

 

[Trav.]

I like the look of ORI and will be entering on Monday for a trade.

Some commentary below but ORI has been performing well over the year and looks like that trend will continue and return to the $24 range

 

[Trav.]

I am back in with ORI but as usual went to early and have been watching it meandering along for the last couple of weeks.

What has caught my eye today is the volume as it is pretty low and hence the SP is up nicely ( so far ), obviously plenty of upside but hoping to see $18 sooner than later.