ANALYSTS FORECAST A GRIM CHOICE FOR OROTON: SELL UP OR QUIT THE ASX
Written on the 18 May 2017 by Paris Faint
FOLLOWING a warning to the market and a subsequent trading halt earlier in the week which has shaved more than $11 million from Oroton's (ASX: ORL) market value, analysts say the company's choices have essentially boiled down to two: sell its brands to an overseas buyer or quit the ASX altogether.
Citi analysts are saying the company will need to undergo a substantial restructure to try and stay afloat as shareholders continue to dump ORL stock, after Oroton issued an update calling into question its long-term profitability.
Author: Paris Faint