looks like something is on , page-7

alanab

in a recent energy stock article this month they cited osh as their preferred large-cap energy stock exposure. "In the large-cap space, we continue to favour OSH. While
OSH‟s near-term earnings are more exposed than other large-cap stocks to weaker oil prices, the majority of its NAV is tied to longer term oil prices (i.e. post PNG LNG start-up in 2014) and therefore has limited exposure to these oil price changes."

below is an excerpt from macquarie review of osh from 24 august with a 12 month target of $8.75 (when sp was $5.79). they still have an "outpeform" rating on the stock.

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AUSTRALIA
OSH AU Outperform
Price 24 Aug 10 A$5.79
Volatility index High
12-month target A$ 8.75
12-month TSR % +52.0
Valuation A$ 8.76
- DCF (WACC 10.8%, beta 1.3, ERP 5.0%, RFR 6.1%)
GICS sector Energy
Market cap A$m 7,573
30-day avg turnover A$m 26.7
Number shares on issue m 1,308
Investment fundamentals
Year end 31 Dec 2009A 2010E 2011E 2012E
Sales revenue m 482.4 531.8 541.2 558.5
EBIT m 228.2 264.1 283.9 305.1
Reported profit m 133.7 131.2 141.5 155.6
Adjusted profit m 99.6 128.5 141.5 155.6
Gross cashflow m 280.8 303.6 304.3 315.2
CFPS ? 24.9 23.2 23.0 23.7
CFPS growth % -39.0 -6.9 -0.6 2.7
PGCFPS x 20.8 22.3 22.4 21.8
PGCFPS rel x 2.11 2.38 2.84 3.00
EPS adj ? 8.8 9.8 10.7 11.7
EPS adj growth % -58.5 11.1 9.3 9.1
PER adj x 58.6 52.7 48.3 44.3
PER rel x 3.74 3.67 4.10 4.22
Total DPS ? 4.0 5.0 4.0 5.0
Total div yield % 0.8 1.0 0.8 1.0
Franking % 0 0 0 0
ROA % 9.0 7.3 6.1 5.3
ROE % 4.8 4.8 5.0 5.3
EV/EBITDA x 12.1 13.3 13.2 12.8
Net debt/equity % -49.7 -15.0 27.2 58.9
P/BV x 2.3 2.5 2.4 2.3