TMS Capital: Origin (ASX:ORG) rights issue a great opportunity
In this insightful video Jeremy Hook and Ben Clark from TMS Capital explain how they believe the Australian share market is being used as a proxy for China, thus creating high levels of volatility in Aussie shares included in the ASX200 on the back of Chinese news. Also, for investors interested in energy stocks, specifically Origin Energy (ASX:ORG) there is some great insight into the Origin rights issue at 4 minutes 44 seconds into the video. Clark believes that Origin’s ‘core business is very good and stable and the LNG business will turn out to be a great business for the next 20-30 years, it’s unfortunate they got too much debt at a time the market stated focusing on debt and the oil price has collapsed…I think buying origin at $4 you will look back and say that was a great opportunity.’ Watch the video below for more on Origin and further commentary from the TMS pair on diverse range of topics including US rates and Aussie mid caps.
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