OML still has a lot of room to move, at least 10%
Recent 130% SOI increase
@ ~30% discount.
Sentiment drove it well below equity.
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Market cap: $468m @ 89c
Equity: $665m
Revenues: (old accounting) ~$260m
NPAT: ~$20m
Expected loss HY (worst case estimate): -$150m
Conservative Fair value: $525m MC <--- Should be worth at least $50m more than this, roughly.
