Ann: Press Release Record 2018 NPAT A$184.7 MILLION, page-158

These posts are genuinely hilarious. A business generating $200mpa of operating cashflow at an absolute cyclical low point and maximum gearing at the cyclical low of 2.5x Debt/EBITDA is “toast”? Their debt and payables are at 6-7% and their operating margins are still 15-20%. Honestly there is so much rubbish being posted i’d like to see any of your earnings forecasts (but you don’t have any as you haven’t done the work hence your opinion is baseless).

I would bet all these down-rampers wouldn’t even be able to build out the cost structure per tonne of FeSi/FeMn. Even at these prices I forecast that OMH should actually generate more net operating cash flow in CY19 than CY18 given CY18 had a huge working capital build. The dividend is more than secure.