I doubt whether the dividend will increase for this past half year. Alloys have been under some pressure so far this year, just be thankful that OMH is still making a profit. The alloy prices are picking up again now but its slow and steady. The second half should be better.
That said the current market cap of under $600 million is ridiculous , with the runup of some stocks lately then it really shows just how undervalued the company is.
I think that management are at a loss as what to do, other than buying a few more shares themselves.
A listing in Malaysia would be good as nuadrehc pointed out, a good way would be to issue more shares to raise cash to pay off debt and the savings in interest would allow a higher dividend. Unfortunately the current low share price would mean considerable dilution which I'm sure management don't want as it dilutes their holdings too.
I feel sure that management are looking into other projects at present which could provide a boost in the desirability of the stock, only time will tell.
S32 will definitely look at unloading their smelters in Tasmania and South Africa, I'd doubt they'd find a buyer so the furnaces will be mothballed or sold and taken to a cheaper power country.
Whilst the number of shorts are small in number its often about 10% of shares sold, its these small sells that are pushing it down due to the lack of buyers.
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Last
44.5¢ |
Change
0.010(2.30%) |
Mkt cap ! $340.9M |
Open | High | Low | Value | Volume |
42.5¢ | 44.5¢ | 42.3¢ | $30.94K | 71.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 27183 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.435 |
1 | 10000 | 0.430 |
2 | 12380 | 0.420 |
3 | 39000 | 0.400 |
1 | 4000 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 27183 | 2 |
0.485 | 11740 | 2 |
0.500 | 5000 | 1 |
0.550 | 207074 | 1 |
0.565 | 11000 | 1 |
Last trade - 15.31pm 09/07/2024 (20 minute delay) ? |
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