Company Overview and News
OrotonGroup Limited (ASX:ORL) is a small-cap stock with a market capitalization of AUD A$18.26M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. Why is it important? Companies operating in the specialty retail industry facing headwinds from current disruption, especially ones that are currently loss-making, are more likely to be higher risk.
Luxury handbag retailer OrotonGroup Limited (ASX:ORL) has gone into administration after an eight-month strategic review failed to secure a viable option for its future. (1-0)
OrotonGroup Ltd (ASX:ORL) last traded at $0.44, or around a fifth of its value from a year ago, as the company continues to be gripped by falling revenues.
OrotonGroup (ASX:ORL) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open. OrotonGroup requested the halt pending the impact of April 2017 trading conditions on its expected financial results. The halt will remain in place until the opening of trade on Wednesday 17th May 2017, or earlier if an announcement will be made to the market.
3h - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton