Orion Equities (OEQ)

Shares / Stock Code

OEQ

Stock Exchange / Sharemarket

Australian Securities Exchange
Orion Equities (OEQ), formerly Central Exchange Limited, is a listed investment company. The investment objectives of the company are to achieve a consistent high real rate of return whilst operating within acceptable risk parameters; deliver a regular income stream for shareholders in the form of franked dividends; and preserve and protect the capital of the company. Orion Equities Limited was incorporated in 1969 in New South Wales. The Company (under the name of Archean Mining Investments Limited) was first listed on the Australian Stock market (ASX) in 1970, as a mining an energy company. Since then, it has experienced several changes in relation to its name and activities. In 2004, after a period of trading suspension, it was re-admitted to ASX as an investment entity. The company then changed its name from Central Exchange Limited to Orion Equities Limited in December 2005. Orion Equities actively manages its investments and undertakes both strategic and non-strategic investments. One of OEQ's strategy is to secure exploration rights that can be packaged and sold or securitied. Orion Equities's customers include general investors and fund managers within Australia. Competitors include other investment companies, funds and trusts, especially those that have an investment interest in mineral exploration projects within Australia. Its subsidiaries include Silver Sands Developments Pty Limited, Dandaragan Estate Pty Ltd, Margaret River Wine Corporation Pty Ltd and Margaret River Olive Oil Company Pty Ltd. On June 23, 2009, Orion Equities acquired Dandaragan Estate Olive Oil Brand, Margaret River Wine Corporation Pty Ltd and Margaret River Olive Oil Company Pty Ltd. On August 11, 2008, Orion Equities disposed of its interest in Central Exchange Mining Ltd, Orion Indo Operations Pty Ltd, its 70% interest in the Indonesian Berau Coal Project and its 25% interest in the West Australian Paulsens East Iron Ore Project to Strike Resources Limited.

Orion Equities (OEQ) Products and Services

  • Investment company

Orion Equities (OEQ) Locations and Subsidiaries

Orion Equities Head Office Level 14 The Forrest Centre, 221 St George's Terrace, PERTH, WA, AUSTRALIA, 6000 Phone: (08) 9214 9797 Fax: (08) 9322 1515

Orion Equities (OEQ) Share Price

Submitted by ASX Listed Company on 15 May, 2010 - 21:29

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!