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Business Description: Origin Energy (ORG) is an integrated energy company focused on gas and oil exploration and production, power generation and energy retailing in Australia. Its key operating segments include oil & gas exploration and production, LNG operation, energy retailing and power generations. It also conducts the business in New Zealand through a 53.1% investment in Contact Energy.
Strategy Analysis: ORG looks towards a sustainable approach to developing the growth of the business. The focus is on maintaining its position as a leading Australasian integrated energy company that participates in most segments of the supply chain. The company seeks to deliver market leading performance for shareholders by identifying, developing and operating businesses which deliver value to customers. It also focuses on developing and procuring competitive sources of energy and related products and services to better meet customer energy needs.
Origin Energy reported NPAT down 34% to $524.0m for the half year ended 31 December 2012. The key factors contributing to the decrease in statutory profit include: lower underlying profit; a lower net gain on items related to Australia Pacific LNG; and a net decrease in the fair value of financial instruments during the half year while a net increase was recorded in the prior half year. Revenues from ordinary activities were $7.38bn, up 14% from last year. Diluted EPS was 47.9 cents compared to 73.7 cents last year. Net operating cash flow was $790.0m compared to $758.0m last year. The interim dividend declared was 25 cents, in line with 25 cents last year. The company expects the regulatory and market competitive pressures that have affected the half year result in Energy Markets to continue into the second half of the 2013 financial year.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
‚ÄúIf you want to have a better performance than the crowd, you must do things differently from the crowd.‚ÄĚ Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
‚ÄúAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier you‚Äôll be with the outcome.‚ÄĚ
William H. Gross, Janus Capital Group 16/10/2014 |
‚ÄúFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding ‚Äúminus‚ÄĚ 10 basis points.‚ÄĚ
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, it‚Äôs clear that a time factor is in play. Simply put, many investors ‚Äúfeel‚ÄĚ a correction is overdue. How low could it go?
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.