Orica Could Boost Stock With A$400 Million Share Buyback -- Market Talk

Dow Jones11-15 08:27

0027 GMT - Orica CEO Sanjeev Gandhi says the company is reviewing its capital-management framework, prompting Jarden to assess the moves that it could make. Orica ended FY 2024 with gearing of 26%. That is below its 30-40% target range. "We would see scope for Orica to undertake a buyback of A$400 million-plus in FY 2025, providing a positive catalyst, and downside share price support for the stock," analyst James Wilson says. Jarden has a neutral call on Orica's stock. Gandhi told The Wall Street Journal yesterday that Orica could explore options to raise its dividend payout ratio further and may discuss a share buyback program as part of the review. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 14, 2024 19:27 ET (00:27 GMT)

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Orica ended FY 2024 with gearing of 26%. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7017","symbol_name":"商品化工","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483036809","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483036809","pubTimestamp":1731630420,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0027 GMT - Orica CEO Sanjeev Gandhi says the company is reviewing its capital-management framework, prompting Jarden to assess the moves that it could make. 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