The management decision to do a secondary listing on Bursa is indeed a well considered one. From the comparison of the two companies, you can immediately spot the vast differential in valuation; whereas Press Metal is 3x more profitable than OMH (based on FEY 2019), whereas the stock valuation of Press Metal is almost 20x more than OMH. Although the ASX investors have not taken much notice on OMH and this valuation gap, I believe the BURSA market will ultimately adjust OMH valuation to match those of Press Metal. That is when with sufficient press coverage and equity research, OMH will shine through (and like what King has said, it will fly off like a ROCKET). The investors from the same market (Bursa) will notice the obvious valuation gap. The Bursa market will likely lead the pricing and ASX will follow. Earlier investors now should see a few baggers from here.
OMH
(ASX)Press Metal Bhd
(KLSE)Business Mining, Smelting, Trading Smelting Product Manganese, FeSi, MnSi Aluminium AUD Mil FYE Dec 2018 FYE Dec 2019 FYE Dec 2018 FYE Dec 2019 AUD mil AUD mil AUD mil AUD mil 2.8 2.8 Total Loan 513 512 1,066 1,300 Cash Balance 92 63 71 130 Net Debt 421 449 995 1,171 NTA 388 424 1,142 1,309 Market Capitalisation 273 273 5,393 5,393 Enterprise Value 694 722 6,388 6,564 Revenue 1,510 1,026 3,275 3,144 EBITDA 340 155 516 439 NPAT 162 56 221 169 Dividend Yield 14% 2.7% 1.8% 1.4% PE Ratio 1.69 4.88 24.43 31.92 Net Debt / EBITDA 1.24 1.06 1.93 2.67 EV / EBITDA 2.04 4.66 12.37 14.95 Price / Book 0.70 0.64 4.72 4.12 Net Debt / Book 1.09 1.06 0.87 0.89 Sales / Price 3.89 2.42 2.87 2.40
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Huge Valuation Gap: OMH vs Press Metal
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Last
39.5¢ |
Change
0.025(6.76%) |
Mkt cap ! $302.6M |
Open | High | Low | Value | Volume |
37.0¢ | 39.5¢ | 37.0¢ | $2.272K | 6.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10500 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 76561 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10500 | 0.370 |
3 | 11510 | 0.365 |
4 | 26010 | 0.360 |
2 | 15000 | 0.355 |
2 | 5060 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 76561 | 2 |
0.400 | 45200 | 2 |
0.415 | 4350 | 1 |
0.430 | 32017 | 1 |
0.440 | 2358 | 1 |
Last trade - 11.58am 04/09/2024 (20 minute delay) ? |
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