When the question was asked at a recent webinar about a buyback they said that they'd rather pay back debt.
If the share price goes to 40c then it makes sense to buy more, OMH made US$19 million (A$30 million) profit after tax in 6 months during a cyclic low. Remember that US$11.2 million was paid in tax for the 6 months and most of this will be credited back when the second 5 year tax exemption is granted. Add this to the US$20.5 million from last year.
"Income tax expense increased by US$20.5 million in FY2022. OM Sarawak has provided for 24% tax on 100% of its taxable income in FY2022, and is currently working towards meeting all the conditions set by MIDA to be eligible for a second 5 year tax exemption period (from 1 December 2021 to 30 November 2026) on 70% of its taxable income. Upon satisfaction by OM Sarawak of the MIDA conditions, OM Sarawak’s annual tax position will be adjusted accordingly."
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Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $310.3M |
Open | High | Low | Value | Volume |
40.5¢ | 40.5¢ | 40.5¢ | $8.91K | 22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 22505 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 1433 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 22505 | 0.400 |
2 | 36266 | 0.395 |
1 | 10000 | 0.390 |
2 | 35000 | 0.380 |
2 | 8500 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 1433 | 1 |
0.425 | 15000 | 1 |
0.430 | 124553 | 2 |
0.440 | 5000 | 1 |
0.450 | 10000 | 1 |
Last trade - 11.59am 08/08/2024 (20 minute delay) ? |
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OMH (ASX) Chart |