Origin – Value support

Whilst Origin is not under current Algo Engine buy conditions, we’re drawn to the name on valuation grounds.

ORG has resumed paying dividends, with 20cps for FY19 and a formal dividend policy to be announced at the FY19 result in August.

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In FY20 we expect to see the dividends per share to be increased to $0.50 + placing ORG on a 5.5% yield.

Assuming oil prices remain well supported and ORG continue to execute the announced cost cuts, we can see ORG shares trading much high over the next 18 months.

 

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