Hi scoonch
For me the elephant in the room is the hint from OMH that production will need to be cut due to the labor issue so we may end up with less than 12 out of 16 furnaces operating. Until that is resolved and a plan in place and published of when the upgrades will happen and a return to full production I see the sp drifting as it has for some time.
Hopefully the financial results due in February will bring some sunshine in the form of a dividend, visibility of the profits for the full year and a clearer picture of what is happening in Sarawak and on the ore front which has also gone very quiet, has Bootu stopped mining? Where are the initial estimates for Bryah?
With the power issue around the world the floor for OMH alloy products is going to be high for some time and for that reason this stock remains a buy for me but with a medium term view
Hi scoonchFor me the elephant in the room is the hint from OMH...
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Last
45.0¢ |
Change
0.005(1.12%) |
Mkt cap ! $344.8M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 44.0¢ | $4.335K | 9.721K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35628 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 1032 | 1 |
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| Last trade - 13.51pm 11/07/2024 (20 minute delay) ? |
| OMH (ASX) Chart |