Origin Enterprises Share Price (OGN)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Origin Enterprises Plc	LSE:OGN	London	Ordinary Share	IE00B1WV4493	ORD EUR0.01

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-0.10	-3.01%	3.225	0.00	13:28:20

Bid Price		Offer Price	High Price	Low Price	Open Price
3.10		3.35	3.325	3.225	3.325

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Food Producers	1,798.20	61.41	41.98	7.7	451

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
-	O	0	3.225	EUR

Related Shares
Unilever (ULVR), Kerry (KYGA), Ukrproduct (UKR), Walcom (WALG)

Origin Enterprises (OGN) Latest News

Origin Enterprises News

Date	Time	Source	Headline
17/9/2020	09:15	UKREG	Origin Enterprises Plc Holding(s) in Company
08/7/2020	16:41	UKREG	Origin Enterprises Plc Director/PDMR Shareholding
30/6/2020	07:00	UKREG	Origin Enterprises Plc Holding in Company
24/6/2020	08:30	UKREG	Origin Enterprises Plc Holding in Company
17/6/2020	10:33	ALNC	Origin Enterprises Demand Reduces Due To Highly Challenging Conditions
17/6/2020	07:11	ALNCF	Alliance News Flash Headline
17/6/2020	07:00	UKREG	Origin Enterprises Plc Q3 Trading Update
11/6/2020	14:00	ALNC	Origin Enterprises Picks CFO Coyle As Longtime CEO O'Mahony Steps Down
11/6/2020	07:00	UKREG	Origin Enterprises Plc CEO Leadership Succession
18/5/2020	14:28	UKREG	Origin Enterprises Plc Holding(s) in Company

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Origin Enterprises (OGN) Discussions and Chat

Origin Enterprises Forums and Chat

Date	Time	Title	Posts
03/5/2016	16:53	Origin enterprises (food & fertilizers)	44

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Date	Subject
18/9/2020 09:20	Origin Enterprises Daily Update: Origin Enterprises Plc is listed in the Food Producers sector of the London Stock Exchange with ticker OGN. The last closing price for Origin Enterprises was 3.33 €. Origin Enterprises Plc has a 4 week average price of 3.20 € and a 12 week average price of 2.70 €. The 1 year high share price is 5.12 € while the 1 year low share price is currently 2.00 €. There are currently 139,999,155 shares in issue and the average daily traded volume is 18,168 shares. The market capitalisation of Origin Enterprises Plc is £451,497,274.88. Read Full Thread Reply
04/4/2014 05:09	wexboy: Company: Origin Enterprises Prior Post(s): 2012 & 2013 Ticker: OGN:ID Price: EUR 7.55 I was only mildly bullish on Origin in 2013, but the shares actually surged over 50% in the past year! While the company continues to make steady progress, it's not immediately obvious intrinsic value's kept pace with the share price. Quite honestly, I consider their associate & JV disposals the most encouraging news in the past year. I've long questioned the logic behind hanging onto these stakes, when a more focused strategy offers better upside. The dam broke, though, when the Saudis showed up & lifted Origin's 24% stake in Continental Farmers Group. This was quickly followed by the sale of the company's stake in the Welcon Invest JV to Austevoll Seafoods (AUSS:NO) in July, for EUR 93 million. Now there are growing whispers of a possible Valeo Foods IPO. [Though I suspect a trade sale could be more attractive, despite investors' new-found IPO enthusiasm]. That would pretty much clear the cupboard & present a great opportunity for a step-change in Origin's corporate strategy: i) Finish the job: Management appears to have an ambiguous attitude towards the animal feed business, which clearly lacks sufficient scale. Understandable, perhaps it's another low margin/high volume business. On the other hand, I think it's a pretty complementary fit with fertilizers & agronomy. Management needs to cut loose, or go big here sell animal-feed asap, or else map out a consolidation strategy within the sector. ii) Get the monkey off its back: Aryzta (YZA:ID) still owns 68% of Origin this stake will continue to be an overhang for the stock (not that shareholders seem to care right now!). More importantly, it's a potential conflict of interest case in point, Origin originally stated the Welcon proceeds would be 'used ultimately for investment in our core Agri-Services business.' But a few months later, the company actually executed a 100 M tender offer instead, at EUR 7.50, with most of the cash going straight into the majority shareholder's pocket! Clearly a great deal for Aryzta, but for minority shareholders maybe not so much...they might have preferred to see the money reinvested in their company (or funding an acquisition), rather than being spent on an over-priced tender. iii) Uncover the jewel in the crown: Agronomy's a high value/high margin knowledge business. With the dramatic improvements in satellite & sensor technology, and in (big) data collection, analysis & prediction, there's obviously broader scope to be a tech business also. Noting the average Western farmer's now close to retirement age, plus the insatiable global demand for food, we're on the cusp of a new wave of farmers & intensive farming techniques. This is a high growth opportunity for any agronomy business, whether it's maximizing yields in (N America), or simply lifting yields (in Russia/Ukraine this acquisition is a small but promising start). Unfortunately, Origin's agronomy division appears to be just another sales channel at the moment. Now, this obviously isn't going to change tomorrow, but breaking it out as a separate segment (internally, and externally) would be a great start when divisional management is (visibly) responsible for & incentivized by their own P&L, good things tend to happen in terms of operating strategy & revenue/profit growth! iv) Bulk up: Origin's agri-business is a blessing & a curse... It's reassuringly stable, which allows for fairly aggressive leverage. But it's also low margin/high volume it's not clear how much scope's left for consolidation and/or margin expansion in the UK/Ireland. If the company wants to maintain/accelerate its growth rate, now's the time to step up & take a few risks. An aggressive new markets & acquisitions strategy is the answer Origin now has significant debt capacity to fund such a strategy, and if investors keep loving the stock it's a perfect opportunity to raise a hefty chunk of fresh equity. The reputation & calibre of Origin's new CFO (to be announced shortly) is crucial to this new strategy. Meanwhile, adjusted operating margin's stable around 6.4%, which still deserves a 0.5625 Price/Sales multiple. I'll also make a (positive) debt adjustment here I calculate another 155 M of debt would still limit net interest expense to 15% (or less) of operating profit. As I mentioned, I'm quite comfortable with a higher level of leverage here, so I'll break my usual habit of hair-cutting this debt adjustment by 50%. On the earnings front, we've seen an 11-12% growth rate for a number of years now, but the Welcon disposal knocks this back to low single digits for 2014 (and a Valeo IPO/disposal could hurt also) so I'll scale back a smidge to a 10.5 Price/Earnings multiple. Averaging the two approaches, we get: (EUR 0.505 EPS * 10.5 P/E + (1,368 M Revenue * 0.5625 P/S + 155 M Debt Adjustment) / 125 M Shares) / 2 = EUR 6.34 Origin's mildly over-valued, but still an interesting/high potential stock. I've come close to buying it on a number of occasions...but it was never quite cheap enough! One to watch though we may possibly see a bit of a bumpy period to come (in terms of results, or investor sentiment, or both), as the company (hopefully) transitions from the old Origin to a new higher growth Origin. Which might offer a better buying opportunity for the enterprising investor... Price Target: EUR 6.34 Upside/(Downside): (16)% _ Cheers, Wexboy Read Full Thread Follow Reply

Date

Subject

18/9/2020
09:20

Origin Enterprises Daily Update: Origin Enterprises Plc is listed in the Food Producers sector of the London Stock Exchange with ticker OGN. The last closing price for Origin Enterprises was 3.33 €.
Origin Enterprises Plc has a 4 week average price of 3.20 € and a 12 week average price of 2.70 €.
The 1 year high share price is 5.12 € while the 1 year low share price is currently 2.00 €.
There are currently 139,999,155 shares in issue and the average daily traded volume is 18,168 shares. The market capitalisation of Origin Enterprises Plc is £451,497,274.88.

Read Full Thread

04/4/2014
05:09

wexboy: Company: Origin Enterprises Prior Post(s): 2012 & 2013 Ticker: OGN:ID Price: EUR 7.55 I was only mildly bullish on Origin in 2013, but the shares actually surged over 50% in the past year! While the company continues to make steady progress, it's not immediately obvious intrinsic value's kept pace with the share price. Quite honestly, I consider their associate & JV disposals the most encouraging news in the past year. I've long questioned the logic behind hanging onto these stakes, when a more focused strategy offers better upside. The dam broke, though, when the Saudis showed up & lifted Origin's 24% stake in Continental Farmers Group. This was quickly followed by the sale of the company's stake in the Welcon Invest JV to Austevoll Seafoods (AUSS:NO) in July, for EUR 93 million. Now there are growing whispers of a possible Valeo Foods IPO. [Though I suspect a trade sale could be more attractive, despite investors' new-found IPO enthusiasm]. That would pretty much clear the cupboard & present a great opportunity for a step-change in Origin's corporate strategy: i) Finish the job: Management appears to have an ambiguous attitude towards the animal feed business, which clearly lacks sufficient scale. Understandable, perhaps it's another low margin/high volume business. On the other hand, I think it's a pretty complementary fit with fertilizers & agronomy. Management needs to cut loose, or go big here sell animal-feed asap, or else map out a consolidation strategy within the sector. ii) Get the monkey off its back: Aryzta (YZA:ID) still owns 68% of Origin this stake will continue to be an overhang for the stock (not that shareholders seem to care right now!). More importantly, it's a potential conflict of interest case in point, Origin originally stated the Welcon proceeds would be 'used ultimately for investment in our core Agri-Services business.' But a few months later, the company actually executed a 100 M tender offer instead, at EUR 7.50, with most of the cash going straight into the majority shareholder's pocket! Clearly a great deal for Aryzta, but for minority shareholders maybe not so much...they might have preferred to see the money reinvested in their company (or funding an acquisition), rather than being spent on an over-priced tender. iii) Uncover the jewel in the crown: Agronomy's a high value/high margin knowledge business. With the dramatic improvements in satellite & sensor technology, and in (big) data collection, analysis & prediction, there's obviously broader scope to be a tech business also. Noting the average Western farmer's now close to retirement age, plus the insatiable global demand for food, we're on the cusp of a new wave of farmers & intensive farming techniques. This is a high growth opportunity for any agronomy business, whether it's maximizing yields in (N America), or simply lifting yields (in Russia/Ukraine this acquisition is a small but promising start). Unfortunately, Origin's agronomy division appears to be just another sales channel at the moment. Now, this obviously isn't going to change tomorrow, but breaking it out as a separate segment (internally, and externally) would be a great start when divisional management is (visibly) responsible for & incentivized by their own P&L, good things tend to happen in terms of operating strategy & revenue/profit growth! iv) Bulk up: Origin's agri-business is a blessing & a curse... It's reassuringly stable, which allows for fairly aggressive leverage. But it's also low margin/high volume it's not clear how much scope's left for consolidation and/or margin expansion in the UK/Ireland. If the company wants to maintain/accelerate its growth rate, now's the time to step up & take a few risks. An aggressive new markets & acquisitions strategy is the answer Origin now has significant debt capacity to fund such a strategy, and if investors keep loving the stock it's a perfect opportunity to raise a hefty chunk of fresh equity. The reputation & calibre of Origin's new CFO (to be announced shortly) is crucial to this new strategy. Meanwhile, adjusted operating margin's stable around 6.4%, which still deserves a 0.5625 Price/Sales multiple. I'll also make a (positive) debt adjustment here I calculate another 155 M of debt would still limit net interest expense to 15% (or less) of operating profit. As I mentioned, I'm quite comfortable with a higher level of leverage here, so I'll break my usual habit of hair-cutting this debt adjustment by 50%. On the earnings front, we've seen an 11-12% growth rate for a number of years now, but the Welcon disposal knocks this back to low single digits for 2014 (and a Valeo IPO/disposal could hurt also) so I'll scale back a smidge to a 10.5 Price/Earnings multiple. Averaging the two approaches, we get: (EUR 0.505 EPS * 10.5 P/E + (1,368 M Revenue * 0.5625 P/S + 155 M Debt Adjustment) / 125 M Shares) / 2 = EUR 6.34 Origin's mildly over-valued, but still an interesting/high potential stock. I've come close to buying it on a number of occasions...but it was never quite cheap enough! One to watch though we may possibly see a bit of a bumpy period to come (in terms of results, or investor sentiment, or both), as the company (hopefully) transitions from the old Origin to a new higher growth Origin. Which might offer a better buying opportunity for the enterprising investor... Price Target: EUR 6.34 Upside/(Downside): (16)% _ Cheers, Wexboy

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