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
Add OMH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.5¢ |
Change
0.030(6.45%) |
Mkt cap ! $379.2M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 49.5¢ | 47.0¢ | $226.1K | 464.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50078 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 22556 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
49.5¢ |
Change
0.030 ( 6.45 %) |
||||
| Open | High | Low | Volume | ||
| 47.0¢ | 49.5¢ | 47.0¢ | 281862 | ||
| Last updated 15.43pm 26/04/2024 ? | |||||
| OMH (ASX) Chart |