Even at $2.60 ($5.20 in the old money), OMH are trading on really low multiples (circa 5-6 times forecast earnings). The manganese price continues to rise, their reserves continue to rise, and their share price continues to rise in sync. Throw in improvements in the smelting and trading organisations, and we have a company whose share price seems well supported by fundamentals. In light of dwindling viable manganese deposits, I wouldn't be surprised if one of the bigger boys (e.g. BHP, Xstrata) eventually takes them out.
om holdings, page-3
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Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $291.1M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 37.5¢ | $21.45K | 56.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24123 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 29976 | 1 |
View Market Depth
| Last trade - 15.45pm 27/09/2024 (20 minute delay) ? |
| OMH (ASX) Chart |