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
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $283.5M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.0¢ | $7.047K | 19.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 958 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| OMH (ASX) Chart |