Orion Equities’ March NTA Slips 1.54% as Listed Holdings Weigh

Orion Equities Limited ( (AU:OEQ) ) has shared an announcement.

Orion Equities has reported a slight decline in its net tangible asset backing for March, with pre- and post-tax NTA falling 1.54% to $6.442 million, or $0.4116 per share, from $6.543 million, or $0.4181 per share, in February. The result reflects lower market value for its shares in Strike Resources and the continued equity-accounted nil carrying value of its 26.95% stake in Bentley Capital, which contrasts with Bentley’s positive market and NTA-based valuations and underscores the sensitivity of Orion’s reported asset backing to accounting treatment and market pricing of its key holdings.

The NTA position remains supported by a stable $2.1 million independently valued investment property and roughly $4.0 million in net cash, receivables and other assets, with no current or deferred tax provisions impacting March figures. For shareholders, the update highlights that while headline NTA has edged down, Orion’s underlying exposure to Bentley retains implied market value not reflected in the balance sheet under equity accounting rules, and the portfolio’s performance is closely tied to movements in a concentrated set of listed investments.

The most recent analyst rating on (AU:OEQ) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Orion Equities Limited stock, see the AU:OEQ Stock Forecast page.

More about Orion Equities Limited

Orion Equities Limited is an Australian investment company listed on the ASX that holds a portfolio comprising listed equities, including a significant stake in Bentley Capital Limited and shares in Strike Resources Limited, along with an independently valued investment property. The company’s assets and returns are largely driven by movements in the value of these listed investments, property holdings and associated tax positions, which together determine its net tangible asset backing per share.

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Technical Sentiment Signal: Buy

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