Contrary to what downrampers say, OMH is now a BUY.
"While commodity prices are out of OMH’s control, we continue to believe that the low cost nature of its operations globally provide a moat for periods of weakness such as these, allowing it to remain profitable throughout the cycle. Annualised Ops CF of $100m after such a meaningful commodity price drop is evidence of this;
We have lowered our price forecast for FeSi alloy to US$1,200/t in the short term (vs $1,350/t prev.) and have adjusted product mix to align with updated guidance. The result is a slight decrease in Valuation to $1.60/sh (vs $1.72/sh prev.);
We maintain the Buy recommendation on OMH. "
OMH a strong BUY
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Last
38.5¢ |
Change
-0.010(2.53%) |
Mkt cap ! $295.0M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 38.5¢ | $5.128K | 13.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5005 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 8163 | 1 |
View Market Depth
| Last trade - 13.22pm 23/08/2024 (20 minute delay) ? |
| OMH (ASX) Chart |