u used the gross figures for trading and tshipi, then u used the net figures for the smelting division.
The actual figures are 79mil for smelting, 11mil for trading and 5mil for tshipi.
this calculation is wrong. Let me give an example of what u r doing.
example: total business made 50mil. Business A made 20mil, business B made 30mil. Total tax is 15mil. U net out all the tax from Business B. Then claim that business B made 15mil and business A made 20mil.
the main expenses r the taxes at 22mil and the interest expense at 8mil. U need to adjust these for the shareholding and the different business.
the taxes r interesting to note, as the smelting business is the largest contributor. Their taxes r likely higher. If the extension happens, the actual profit for the first half is closer to 80mil usd, rather than 60mil. Or 70mil and 50mil. Whatever is the case, the company is undervalued.
If u claim to be doing an accurate analysis, it would help if u actually did it accurately.
the way u r doing it is misleading.
OMH Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
(20min delay)