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This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out How Do I Buy a Stonk???
The Business
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Origin's history has its roots in the 1940s as part of the Australian conglomerate Boral Limited. The original company covered building supplies, oil refining, tire manufacturing, and gas supply. In 2000, the energy assets were spun off as their own company, which became Origin Energy.
Since then, Origin Energy has established itself as the largest energy retailer in Australia, with 4.2million customers nationally. They own the largest coal power station in Australia and the largest fleet of gas power stations. Further to that they own green energy assets like a pumped hydro plant, and have contracted supply of solar and wind assets. As part of their retail energy package, they also sell natural gas and LPG.
As large as they are in the energy business, retailing only represents about half of the business. Origin is also an integrated gas company, which is involved in exploration and production of LNG. On the exploration side, they have major fields in Beetaloo Basin (NT), Browse Basin (Coast of WA), and Cooper Basin (QLD). On the production side, they have a 30% joint venture in Australia Pacific LNG (APLNG), which consists of an outlay of gas-fields in the Bowen and Surat Basin (QLD), pipelines, and an LNG facility on Curtis Island near Gladstone.
The Checklist
- Net Profit (ex abnormals): positive 9 of the last 10 years. Good ✅
- Outstanding Shares: stable L5Y (one major cap raise 2015 for APLNG). Good ✅
- Revenue, Profit, & Equity: stable but not growing L10Y. Neutral ⚪
- Insider Ownership: 0.8% w/ on market buying in last year @ ~$5.
The funeral director was asking us what we think Mum should wear in her casket.
Mum always loved to wear sarongs (fabric wraps that go around the torso and drape downward a bit like a long skirt would), so my uncle suggested that she wear a sarong in there.
The funeral director looked a bit confused, as did some of our family members, to which my uncle added:
"What's sarong with that?"
I started laughing like an idiot. He was proud of it too. The funeral director was rather shocked. We assured her, and our more proper relatives, that Mum would've absolutely loved the joke (which is very true).
His delivery was perfect. I'll never forget the risk he took. We sometimes recall the moment as a way help cushion the blows of the grieving process.
--Edit-- I appreciate the condolences. I'm doing well and the worst is behind me and my family. But thanks :)
--Edit-- Massive thanks for all the awards and kind words. And the puns! Love 'em.
I would have a daughter
Capital of Ireland
It's Dublin everyday
http://m.imgur.com/ImM3RWz
But Bill kept the Windows
True story; it even happened last night. My 5-year-old son walks up behind me and out of the blue says, "hey."
I turn to him and say, "yeah, kiddo? What's up?"
He responds, "it's dead grass."
I'm really confused and trying to figure out what's wrong and what he wants from me. "What? There's dead grass? What's wrong with that?"
.
.
.
He says, totally straight-faced, "hay is dead grass," and runs off.
You officially hit rock bottom
K9P
And then you will all be sorry.
Now it’s syncing.
Because he wanted space
Edit: Thank you for the awards.
He replied, "Well, stop going to those places then!"
I will find you. You have my Word.
She said how do you know he was headed to work?
“thank you for your cervix.”
...sails are going through the roof.
Mods said I'm a cereal reposter...
A taxi
But now I stand corrected.
He thought homes were built, not born.
Wait. Sorry, wrong sub.
Wookie mistake.
Theoretical Fizz-ics
Because you can’t ‘C’ in the dark
Now he’s a great grandfather
I said, “That makes two of us.”
so I had to ground him.
He's doing better currently.
And conducting himself properly.
