Saturday 22 September 2018

Origin Enterprises' share falls but it's not Aryzta

It's been a bit of a rough ride for Origin shareholders in the last while, with the price now back to levels last seen 18 months ago. Stock image
It's been a bit of a rough ride for Origin shareholders in the last while, with the price now back to levels last seen 18 months ago. Stock image
Samantha McCaughren

Samantha McCaughren

Shares in Origin Enterprises last week took a hit after the news that chief financial officer Imelda Hurley was heading for the door.

It's been a bit of a rough ride for Origin shareholders in the last while, with the price now back to levels last seen 18 months ago.

Still, things are much better at Origin than they are at Aryzta, its one-time majority shareholder, which is crisis-hit.

Origin has a decent balance sheet and is due to report interim results next month.

This will include details of the first half of Origin's financial year - less important than the second half because of the seasonal nature of the agronomy business.

The company has just completed a bolt-on acquisition in the fertiliser sector which sees it expand into Belgium.

One wonders whether Origin might bring forward some sort of dividend increase or share buyback scheme to lift spirits.

Sunday Indo Business

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