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Very good results
will move up from here good long term for bottom drawer
Has anyone else not received their dividend as expected yesterday?
good purchase in UK value here
great performance Company now undervalued
On the money
fdorget Putin the big boys just increased there stake
will Putin hit our bottom line
Managment making right moves
Interesting blog, thanks for sharing.
The spread is a big concern for me. It needs to be much tighter before I drop any cash in here.
Good afternoon everyone. I have written a blog on Origin Enterprises this afternoon that may be of interest to some of you here: https://tbifund.wordpress.com/2021/08/14/origin-enterprises-ogn-id-green-shoots/
Expecting profts to be c. 20m, down more than 60%. EPS probably down 50%. Cahflow and debt will be interesting after a poor year due to weather. Banking covenants will be under pressure at the mid year following a poor year this year - chose not to pursue the acquisition of a distributor in Brazil - suggesting cashflow pressure. The share should bounce this year, but heavily dependent on weather, with exposure in Ukraine to uncertainty. Seems like there are better returns elsewhere.
very quite on this one.
Anyone have any idea what is going on with this share?
Seems to just be on a slide with lots of reported sells (if they are genuinley sells)!
2016 – The Great Irish Share Valuation Project (Part I): Company: Origin Enterprises (OGN:ID) Last TGISVP Post: Here Market Cap: EUR 856 M Price: EUR 6.814 https://wexboy.wordpress.com/2016/04/26/2016-the-great-irish-share-valuation-project-part-i/ Price Target: EUR 6.64 Upside/(Downside): (3)%
2014 – The Great Irish Share Valuation Project (Part VI) I take a look at Origin Enterprises, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/03/31/2014-the-great-irish-share-valuation-project-part-vi/ Cheers, Wexboy
huge tr*de......
2013 – The Great Irish Share Valuation Project (Part VII) I take a look at Origin Enterprises, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2013/03/05/2013-the-great-irish-share-valuation-project-part-vii/ Cheers, Wexboy
Goodbody estimates that opportunities in agronomy could fuel underlying EPS growth of about 7 per cent a year and reckons that acquisitions could double that pace. However, despite its track record and continued good progress in developing the agronomy business, investors don't seem too interested. That may partly be to do with the cyclicality of the farming industry and Origin's exposure to the euro. Nor does it help that it's difficult to deal in the shares - the very limited free float means the normal market size is for less than £1,000-worth. That's a result of ARYZTA's 71 per cent holding but, given the lack of fit between the two businesses, it's likely that the baker will reduce its holding - possibly even selling to a predator. Meanwhile, the single-figure rating and half-decent yield on a dividend covered four times are reasons enough to buy.......but adyor gl all
When Origin demerged from ARYZTA, which still owns a 71 per cent stake, its core business was fertiliser distribution; in addition it had - and has - associates operating in fish feed and fish oil, animal feeds and branded Irish grocery products. It is to this uninspiring but stable collection of interests that leading cereal-agronomy business Masstock was added, plus two smaller agronomy firms, UAP and Rigby Taylor, which operate in fruit and vegetables, and lawn care. These acquisitions provide Origin with opportunities to sell more fertiliser, but their main attraction is the growth potential of agronomy. Origin's agronomy arm advises farmers how to improve crop yields and sells suitable products with a mark up to reflect the advice. As farms in the UK, Origin's main market, continue to consolidate there should be growing demand for this service. And, as increasingly sophisticated advice is required - due to factors such as regulation and climate change - market leaders, such as Origin, can expect to win market share. As the market develops there could be scope for Origin to increase its consultancy work, perhaps even become farm managers. However, overseas expansion may offer the best opportunities. Initially, Origin is focused on eastern Europe, where there are many large farms but crop yields are low. According to Goodbody, in Origin's most established overseas market, Poland, about three times more land than in the UK is devoted to crop production yet yields are about half the UK's. Given Origin's sound finances - year-end net debt is forecast to be the same as cash profits - overseas expansion could be aided by acquisition. Besides, Origin looks more likely to gain highly-profitable farm-management work in these less-developed markets, which have more potential to attract institutional investors than the mature UK market.
Like Syngenta, Dublin-headquartered Origin Enterprises hopes to benefit from the need to drive crop yields higher with its work in the agricultural science of agronomy, but its share rating seems stuck in the past. Stockbroker Goodbody estimates that agronomy will account for nearly two-thirds of Origin's operating profit this year. But the company is a relatively new entrant into the field via the acquisition of Masstock in 2008. Before that deal, designed to move Origin into higher-value work, the business had been around for more than a century, mostly as a part of Irish company IAWS, during which time it built itself into a leading UK and Irish supplier to farmers. The change in focus followed the merger of IAWS with baking giant ARYZTA, and Origin's demerger from the enlarged business in 2006. While the changes made since then should have turned Origin into a more attractive investment proposition, the share rating suggests investors haven't caught on.
Hi folks, Just posted Part IV of The Great Irish Share Valuation Project, including valuation and commentary about Origin: http://wexboy.wordpress.com/2012/02/08/the-great-irish-share-valuation-project-iv/ Cheers, Wexboy
Origin Enterprises (OGN) reported an "excellent performance" for the 2011 financial year-to-date and said the outlook for the final quarter remains positive. The agri-services group added that following a very positive first half, the business performed strongly in the seasonally important third quarter of the financial year reflecting the favourable operating environment for farming. Shares in Origin, which provides on-farm integrated agronomy advice and the supply of agri-inputs, were flat at 3.9p
http://investegate.co.uk/Article.aspx?id=201106070700079299H
It moved a lot since then and no one noticed