GP here - Origin Energy has had rocky price action prior to corona and should uncertainty continue or exasperate then we may have a great entry offered in a solid business.
The company netted after tax 1.2b in ‘19. With a steady increase year on year in ‘19 revenue was 14.7b. Nearly netting 10%. It’s currently valued by the market at 10.67b. In 2019 it had 25.7b of assets on the books and 12.6b of liabilities. 13B of equity.
10.67b now seems undervalued let alone with what opportunities could be afforded soon.
Limits left split wide between $2.30 and $0.95 or buy then on confirmed support with stop below considerate of risk.
Going off the companies books I believe Origin is worth double what the market is offering now. That puts it around $12. Lining up near top target of $14.80.
Taking profit along the way that puts the averaged trade risk return to be 1:5.2 not including dividends.