Analysis of Orora, Mineral Resources, Generation Development Group
Fund Manager Chris Pedersen discusses Orora, Mineral Resources and Generation Development Group.
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Orora Limited is a locally owned publicly listed company, deriving revenue from the manufacture and supply of packaging products. The company employs approximately 7,220 people, operates in Australia, New Zealand, North America, China and the UK, and is administered from its head office in Hawthorn, Victoria.
With a shared belief in what we do, values that guide us and a culture of outperformance, our team members are united in their determination for Orora to be the industry-leading packaging solutions and displays company delivering on the promise of what’s inside every day.
Fund Manager Chris Pedersen discusses Orora, Mineral Resources and Generation Development Group.
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Did Orora have ‘something’ up its sleeve when it sent Lone Star packing last month after ignoring the American investor's non-binding, airy A$2.55 per share first offer?
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Packaging group, Orora (ASX:ORA), has agreed to sell its North American packaging solutions business to Veritev, a private equity-backed rival, for $1.78 billion.
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Shares in glassmaker and packaging group, Orora (ASX:ORA), were up more than 19 per cent in late morning trading after it confirmed and rejected a takeover approach from a US private equity bottom fisher.
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A weak trading update, especially for its expensive French buy in late 2023, has seen the return of investor doubts about packaging group (and Amcor spin off a decade ago) Orora Ltd.
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Melbourne-based packaging company Orora (ASX:ORA) is set to raise over $1.3 billion from its shareholders in order to acquire Saverglass.
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The company has signalled a seasonally lower profit is expected in the Americas in the June half. Neutral maintained. Target is $3.75.
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The Neutral rating is retained and the target price increases to $3.80 from $3.65.
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A turnaround in North America is considered key to any re-rating. Neutral maintained. Target rises to $3.65 from $2.90.
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Orora's first half result was comfortably ahead of Morgans expectations and the broker increases underlying earnings forecasts by between 1-2% for FY21-23. Hold rating and the target is increased to $3 from $2.61.
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Orora has strengthened its packagingbusiness in North America in the first quarter, with earnings growth that surprised to the upside, while Australasia remains flat.
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